MP2 Energy

About MP2 Energy

With their main offices in The Woodlands, Texas, MP2 Energy offers electricity services 15 states in the nation and is classified as a retail power marketer. At the moment, 74,718 consumers are supplied electricity by the provider. These customers are a mix of 1,330 industrial accounts, 30,247 commercial customers and 43,141 residential customers. MP2 Energy averages 15.67 cents per kilowatt hour billed to their customers for residential electricity. This is 2.44% below the US average rate of 16.06 cents, resulting in the provider ranking 2069th out of 2885 suppliers in the US for lowest average electricity price. About 25,902,884 megawatt hours were sold by the provider to retail customers in 2023. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 25,902,884 megawatt hours were acquired on wholesale channels. They made $1,835,967,600 in 2023 from electricity sales to end users alone.

The nationwide average monthly residential power bill is $139.28, while the MP2 Energy average is 10.10% higher at $153.34 per month. MP2 Energy ranks 2140th in the US for average monthly bill total. Electricity generation is not part of the MP2 Energy business model, as they purchase electricity at wholesale rates to then be resold to their consumers.