JP Morgan Energy

About JP Morgan Energy

JP Morgan Energy is a wholesale power marketer operating in 2 states within the United States including Texas and New Mexico. This service territory also includes 13 cities within these states. Electricity providers must regularly report their customer counts to government agencies. Most recently the company listed 456,293 customers receiving electricity from the company. About 0.01% of these customers are industrial accounts, 11.22% are commercial customers and 88.76% are residential accounts. JP Morgan Energy's average residential electricity rate per kilowatt hour is 12.39 cents per kilowatt hour. This is 20.78% less than the nationwide average price of 15.64 cents, ranking the company at 1196th lowest for average electricity rate out of 2893 companies in the US. They had sales of 8,384,535 megawatt hours in 2022 sold to end users and 11,567,388 megawatt hours through wholesale channels. The megawatt hours sourced by the supplier came from a blend of electricity production from electricity plants owned by JP Morgan Energy and supplementary megawatt hours that they procured via wholesale channels. They purchased 10,848,033 megawatt hours on the wholesale market and generated 9,647,535 megawatt hours. The revenue for the company in 2022 from electricity sales was $1,730,811,600, with 59.12% coming from retail sales to end users and 39.19% from sales to the wholesale market.

The average monthly residential power bill for a customer of JP Morgan Energy is $89.38. Consumers of the provider pay 32.64% less compared to other citizens of the US. Of the 3517 electricity suppliers in the US that we track, JP Morgan Energy is the 116th largest generator of megawatt hours from solar power. The provider produces 49.01% (or 4,980,864.84 megawatt hours) of the electricity that it sells from nuclear facilities. The provider generates 10,144,243.34 megawatt hours from non-renewable fuels per year, making them 100th in the United States out of 3517 providers.