First Point Power

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About First Point Power

First Point Power is a retail power marketer, which is a company that does business in deregulated electricity markets where consumers can choose from a multitude electricity providers. At the moment, 44,293 customers receive their electricity from the supplier. These customers are a mix of 0.38% industrial accounts, 31.68% commercial customers and 67.94% residential accounts. The average electricity only residential price for customers of First Point Power is approximately 79.86 cents per kilowatt hour, which is 845.45% more than the US average electricity only rate of 8.45. The supplier sold 1,339,128 megawatt hours through retail sales in 2020. The electricity sourced by the company is made up primarily of megawatt hours they acquired on wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. The total revenue of the provider in 2020 was $123,458,800, which was earned entirely through electricity sales to retail customers.

Customers of the provider pay an average monthly residential electricity only bill of $958.78. This is 1450.97% higher than the national average bill of $61.82. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it to end customers.

Energy Loss

Electricity providers routinely submit data for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. First Point Power recently reported a loss of 4.43% of their electricity production. First Point Power's energy loss amounts place them at of best out of 3510 in the United.

First Point Power Rate & Electric Bills

First Point Power residential electric rates for electricity only (delivery charged separately) are highest in January and the highest average bill is in April.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.109/kWh$0.094/kWh$88.10/mo.$69.62/mo.
196th79.86¢First Point Power's Average residential price per kWh
225th$958.78Average monthly electricity bill for First Point Power's residential customers

First Point Power Overview

  • Company Type:Retail Power Marketer
  • Headquarters:2000 Chapel View Boulevard Suite 450
    Cranston, Rhode Island 02920
    United States of America
  • CEO:Peter Schieffelin

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    Energy provider of the year for Rhode Island, Major Provider Category
    Lowest Energy Loss
    Rhode Island, Major Provider Category
    Claim Award
    Energy provider of the year for Maine, Major Provider Category
    Lowest Average Residential Monthly Bill
    Maine, Major Provider Category
    Claim Award
    Energy provider of the year for Maine, Major Provider Category
    Top 3 Lowest Residential Electricity Rate
    Maine, Major Provider Category
    Claim Award

    Energy Loss

    First Point Power's energy loss due to business operations.

    -4.43%

    Total Energy Loss

    62,111MWh

    764 National Rank

    First Point Power State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Connecticut1,9529,495,40027
    Delaware87157,500450.26%
    Maine1,13410,478,800180.67%
    Maryland2392,900830.05%
    Massachusetts32,91167,104,8001887.99%
    New Hampshire5,20623,304,200136.86%
    New Jersey176948,100830.12%
    Ohio1100108
    Pennsylvania5541,876,8001000.47%
    Rhode Island2,24910,000,200103.58%

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    First Point Power FAQ:

    What is the phone number for First Point Power?

    You can reach First Point Power by phone via (888) 875-1711.

    How much is the average energy bill for First Point Power customers each month?

    Customers of First Point Power pay, on average, a monthly energy bill of $958.78.

    What is the average ENERGY electricity rate for First Point Power customers?

    First Point Power's current average ENERGY electricity rate is 79.86 cents per kilowatt hour (¢/kWh), compared to the average United States ENERGY rate of 8.45 cents.

    Who is the CEO of First Point Power?

    First Point Power's CEO is Peter Schieffelin.

    How many states does First Point Power sell electricity to?

    First Point Power provides electricity to customers in 10 states throughout the United States including Pennsylvania, Ohio, New Jersey, Massachusetts, and Maryland.

    Last Reviewed By: Alex Zdanov
    Published: 2021-03-16Last Updated: 2022-03-13