Avangrid

About Avangrid

Avangrid is an investor owned entity located in Orange, Connecticut and serving customers in 4 states in the country including in major cities like Albuquerque, Rochester, Bridgeport, New Haven, and Rio Rancho. A total of 2,515,970 customers (2 transportation accounts, 2,275,946 residential accounts, 237,782 commercial accounts and 2,240 industrial customers) are provided electricity by the company. On average, Avangrid's residential electricity price is 19.67 cents per kilowatt hour, which is 25.78% above the national average of 15.64 cents. The company had total sales and disposition of 40,774,650 megawatt hours in 2022, of which 68.45% were via retail sales and 23.02% were from wholesale sales to other electricity companies. The electricity sourced by the company is made up of multiple sources including megawatt hours they generate and additional megawatt hours acquired via wholesale channels. These two categories comprise 22.83% and 77.12%, respectively, of the total electricity sourced by the company. In 2022, they made a total of $6,989,882,800 from business activities relating to the sale and transfer of electricity. They had 9.65% of their revenue come from sales to the wholesale market.

Customers of the provider pay an average monthly residential electricity bill of $122.45. This is 7.72% less than the nationwide average bill of $132.69. Avangrid is the 21st largest provider out of 3517 providers in the nation based on number of customers. Of the 3517 electricity suppliers that we track in the United States, Avangrid ranks as the 22nd highest producer of megawatt hours from solar fields, with 1,552,519.66 megawatt hours generated per year. Electricity facilities associated with or owned by Avangrid produce 33,521,679.26 megawatt hours, which is the 39th highest in the United States out of 3517 companies.