Evolve Energy

About Evolve Energy

Evolve Energy is a retail power marketer. The largest county served by Evolve Energy is Harris County, but the company also operates in in 196 counties in the state of Texas. The supplier has 14,798 residential customer accounts in their service area. On average, Evolve Energy's consumers purchase residential electricity for 10.65 cents per kilowatt hour. This is 31.89% below the US average price of 15.64 cents, ranking the company at 503rd lowest for average electricity price out of 2893 providers in the US. Roughly 272,559 megawatt hours were sold by the company to retail accounts in 2022. The electricity sourced by Evolve Energy is made up of primarily wholesale purchased megawatt hours, with 272,559 purchased by the company. Their total revenue in 2022 was $29,024,300 and came only through electricity sales to retail customers.

The US average monthly residential electric bill is $132.69, while the Evolve Energy average is 23.18% higher at $163.45 per month. Evolve Energy is the 2535th ranked supplier in the country for average monthly bill amount. The company currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.