Con Edison

About Con Edison

With their main offices in New York, New York, Con Edison offers electricity services 5 states throughout the United States. There are 3,403,697 customers of the company. Exactly 102 of them are industrial customers, 503,014 are commercial accounts, 2 are transportation customer accounts and 2,900,579 of them are residential accounts. On average, Con Edison bills their consumers a residential electricity price of 30.38 cents per kilowatt hour. Sadly for their consumers, this rate is higher than the United States average rate 15.64 cents per kilowatt hour. In 2022 they had sales to end customers totaling 25,523,726 megawatt hours and wholesale sales of 25,523,726 megawatt hours. Electricity production plants owned by Con Edison generated 9.68% of the megawatt hours sourced by the provider and an additional 77.48% was procured on wholesale channels. The company had $10,610,982,300 in 2022, $57,388,100 of which came from electricity sales on the wholesale energy market and $6,767,611,100 of which came from sales to retail end-users.

The national average monthly residential electric bill is $132.69, while the Con Edison average is 11.38% less at $117.59 per month. This is the 1354th lowest average monthly bill amount for a supplier in the country. The electricity grid owned by the provider experiences 0.64 outages per customer per year, with outages lasting an average of 69.53 minutes. The US average for other providers is 1.27 outages per customer and 137.24 minutes each outage. The supplier's generating plants produce 3,011,059.96 megawatt hours by burning natural gas as the fuel source. The company produces 3,016,650 megawatt hours from non-renewable fuel sources a year, ranking them 168th out of 3517 companies in the country.