Freeport Electric

About Freeport Electric

Freeport Electric is headquartered in Freeport, New York and they serve the citizens living in the city. Electricity suppliers must regularly report the number of customers they have to government agencies. Recently the company reported 15,161 customers signed up for their services. About 13,288 of these are residential accounts and 12.35% are commercial accounts. Freeport Electric's average residential electricity rate per kilowatt hour is 14.02 cents per kilowatt hour, which is 10.31% below the US average rate of 15.64 cents. This ranks the supplier 1936th out of 2893 companies in the US for lowest average electricity rate. Of the 301,813 megawatt hours the provider sold and dispossessed, 82.28% were from sales to end users and 14.78% were from wholesale sales to other electricity suppliers. Electricity generation and wholesale power purchases made up 14.41% and 85.59%, respectively, of all electricity sourced. Electricity plants the company owns produced 43,494 megawatt hours and an additional 258,319 were acquired on the wholesale market. In 2022, they made a total of $38,505,000 from business activities relating to the sale and transfer of electricity. They had 4.17% of their revenue come from wholesale electricity sales and 89.45% from retail sales to end users.

The average monthly residential power bill for a consumer of Freeport Electric is $106.94. Patrons of the company pay 19.41% less compared to the rest of the US. The company's production facilities have output of 52,659.52 megawatt hours from the use of natural gas. Electricity production facilities owned by the company use non-renewable fuel types to generate 100.00% of their total electricity production, or 55,499 megawatt hours. This total ranks them at 316th in the United States out of 3517 companies. Production plants owned by Freeport Electric produce 55,499 megawatt hours, which is the 47th highest total in New York out of 3517 companies.