Direct Energy

About Direct Energy

Direct Energy serves electricity to 17 states in the nation including cities like New York, Chicago, Houston, Philadelphia, and Dallas. The entity is a retail power marketer. At the time of the most recent government reports, the supplier reported a total of 588,882 electricity customers signed on for their services. This total is made up of 508,683 residential customer accounts, 74,581 commercial customer accounts and 5,618 industrial properties. Direct Energy's average residential electricity price per kilowatt hour is 11.76 cents per kilowatt hour, which is 23.62% less than the nationwide average of 15.39 cents. In 2021 the company sold 1.66% of their total megawatt hours disposed to other providers on the wholesale market. The electricity they sourced was made up of megawatt hours that they purchased by way of the wholesale electricity market. They purchased 81,600,702 megawatt hours on the wholesale market. The total revenue for Direct Energy in 2021 from electricity sales was $5,661,170,400, with $5,574,419,200 coming from retail sales to end users and $86,751,200 from wholesale electricity sales.

Consumers of the company pay an average monthly residential electric bill of $144.88. This is 10.70% higher than the US average bill of $130.88. Electricity production is not part of the Direct Energy business plan, as they purchase electricity at wholesale rates and then resell to their consumers.