Chesapeake Utilities

About Chesapeake Utilities

Chesapeake Utilities is headquartered in Dover, Delaware and provides electricity in 4 counties within Florida. Recently filed reports by the company showed a total customer base of 30,223 customers. Exactly 25,770 are residential customers, 4,451 are commercial customers and 2 are industrial accounts. Consumers of Chesapeake Utilities pay an average residential electricity rate of 17.89 cents per kilowatt hour, which is 25.02% above Florida's average price of 14.31 cents and 10.30% above the national average of 16.22 cents. In 2023 they sold 684,872 megawatt hours by way of retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 696,611 megawatt hours procured by the company. In 2023, the provider made a total of $117,802,100 from business activities relating to the sale and transfer of electricity. They had 95.66% of their revenue coming from retail sales to end users.

Consumers of the supplier have an average monthly residential power bill of $192.85. This is 23.16% more than the Florida average of $159.65. The provider is not associated with any electricity generation plants and all of the electricity that they sell to their customers must be purchased from other providers.