Discount Energy Group

About Discount Energy Group

With headquarters in Lakeville, Minnesota, Discount Energy Group supplies electricity to 4 states in the country. The company recently reported a total of 7,614 customers, 2.89% of which are commercial customers and 97.11% of which are residential accounts. The average electricity only residential price for patrons of Discount Energy Group is around 9.54 cents per kilowatt hour, resulting in the company ranking 32nd out of 142 in the country for average electricity only price. In 2023 the company had sales to end customers totaling 80,860 megawatt hours. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 80,860 megawatt hours acquired by the company. Their revenue in 2023 from electricity related activities was $7,795,500, the entirety of which came from retail sales to end users.

The nationwide average monthly residential electricity only bill is $82.64, while the Discount Energy Group average is 7.09% higher at $88.5 per month. Discount Energy Group ranks 98th in the US for average monthly bill total. Electricity generation is not part of the Discount Energy Group business model, as they purchase electricity at wholesale rates from other companies and then resell to their end users.