First Energy

About First Energy

First Energy is a retail power marketer operating in 8 different states throughout the US. Additionally, this coverage area includes 1592 cities within these states. A total of 3,836,346 residential customer accounts, 428,001 commercial customers, 2 transportation customer accounts and 12,468 industrial customers purchase their electricity from the company. First Energy's average residential electricity price per kilowatt hour is 13.24 cents per kilowatt hour, which is 10.75% less than the nationwide average of 14.84. A total of 78,053,833.41 megawatt hours were sold to retail accounts in 2021 by the supplier and 53,663,833.49 megawatt hours sold by way of the wholesale electricity market. The electricity produced in the company's power plants made up 61,515,744.16 of the megawatt hours sourced by the company and the purchase of wholesale electricity made up an additional 73,543,091.46 megawatt hours. In 2021, the provider earned 53.79% of their revenue from retail electricity sales to end users and 14.41% via wholesale electricity channels. Their total revenue from all electricity activities was $13,479,108,614.

The United States average monthly residential electric bill is $131.84, while the First Energy average is 13.64% lower at $113.86 per month. Electricity generation plants managed by the supplier use non-renewable fuels to generate 100.00% of their total electricity generation, or 62,352,014.58 megawatt hours. This total ranks them at 17th out of 3509 providers in the nation. First Energy ranks as the 20th highest total electricity producer in the US out of 3509 providers. Based on customer count, First Energy is the 6th largest electricity company out of 3509 in the United States.