MPower Energy

About MPower Energy

MPower Energy is a retail power marketer serving 7 states in the country. At the moment the company provides electricity to residential and commercial customer accounts, with a total of 55,948 residential accounts and 2,258 commercial accounts on their books. On average, MPower Energy's residential electricity only rate is 13.56 cents per kilowatt hour, which is, sadly, 62.54% more than the average US electricity only service rate of 8.34 cents. Of the 273,857 megawatt hours the provider sold and dispossessed, 100.00% were via retail sales. The electricity sourced by the company is made up primarily of megawatt hours they purchased by way of wholesale channels. This category makes up 100.00% of all electricity sourced by the company. The revenue for MPower Energy for 2021 from electricity sales was $36,754,600, with 100.00% coming from retail sales to end users.

The nationwide average monthly residential electricity only bill is $60.47, while the MPower Energy average is 20.25% less at $48.22 per month. This is the 38th lowest average monthly bill amount for a supplier in the US. Electricity generation is not part of the MPower Energy business model, as they purchase electricity at wholesale rates from other companies and then resell to their end users.