EnergyMark

About EnergyMark

EnergyMark provides electricity to 62 counties throughout the state of New York including Kings County, Queens County, New York County, Suffolk County, and Nassau County. A total of 324 industrial customers, 4,288 commercial customers and 3,072 residential accounts are provided electricity by the company. Customers of EnergyMark are billed an average electricity only residential rate of 5.71 cents per kilowatt hour, which is 54.41% lower than the national average electricity only rate of 12.52 cents. This ranks the company 2nd out of 142 suppliers in the nation for best average electricity only rate. In 2023 EnergyMark sold 848,785 megawatt hours by way of retail sales to end users. Wholesale power purchases made up 100.00% of all electricity sourced by the company and 848,785 megawatt hours were acquired by way of the wholesale electricity market. EnergyMark made $39,566,000 in 2023, which they earned entirely through electricity sales to end users.

Consumers of the company have an average residential electricity only bill of $40.3. This is 55.13% less than the state average of $86.33. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.