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 465,402 customers receiving electricity from the company. About 0.01% of these customers are industrial accounts, 11.35% are commercial customers and 88.64% are residential accounts. JP Morgan Energy's average residential electricity rate per kilowatt hour is 13.42 cents per kilowatt hour. This is 17.27% less than the nationwide average price of 16.22 cents, ranking the company at 1272nd lowest for average electricity rate out of 2885 companies in the US. They had sales of 8,672,525 megawatt hours in 2023 sold to end users and 13,312,633 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 12,359,010 megawatt hours on the wholesale market and generated 10,362,062 megawatt hours. The revenue for the company in 2023 from electricity sales was $1,472,496,000, with 60.09% coming from retail sales to end users and 36.11% from sales to the wholesale market.

The average monthly residential power bill for a customer of JP Morgan Energy is $101.99. Consumers of the provider pay 28.86% less compared to other citizens of the US. Of the 3530 electricity suppliers in the US that we track, JP Morgan Energy is the 120th largest generator of megawatt hours from solar power. The supplier produces 11,514,060.14 megawatt hours from non-renewable fuels a year, ranking them 91st in the country out of 3530 providers. Production by the supplier from natural gas totals 6,196,944.48 megawatt hours, which is approximately 53.74% of their total generation.