Evolve Energy

About Evolve Energy

Evolve Energy is a retail power marketer. The largest city served by the provider is Houston, but the company also supplies electricity in 1367 cities in the state. The company seems to specialize in residential electricity service. The entirety of their customer base (10,070 accounts) consists of residential accounts. On average, Evolve Energy's consumers purchase residential electricity for 12.42 cents per kilowatt hour. This is 22.66% below the US average price of 16.06 cents, ranking the company at 791st lowest for average electricity price out of 2885 providers in the US. Roughly 171,124 megawatt hours were sold by the company to retail accounts in 2023. The electricity sourced by Evolve Energy is made up of primarily wholesale purchased megawatt hours, with 171,124 purchased by the company. Their total revenue in 2023 was $20,661,800 and came only through electricity sales to retail customers.

The US average monthly residential electric bill is $139.28, while the Evolve Energy average is 23.69% higher at $172.26 per month. Evolve Energy is the 2475th 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.