MPower Energy

About MPower Energy

With headquarters in Brooklyn, New York, MPower Energy supplies electricity to 7 states in the country. The company recently reported a total of 55,408 customers, 4.74% of which are commercial customers and 95.26% of which are residential accounts. The average electricity only residential price for patrons of MPower Energy is around 19.32 cents per kilowatt hour, resulting in the company ranking 187th out of 142 in the country for average electricity only price. In 2023 the company had sales to end customers totaling 304,375 megawatt hours. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 304,375 megawatt hours acquired by the company. Their revenue in 2023 from electricity related activities was $58,075,400, the entirety of which came from retail sales to end users.

The nationwide average monthly residential electricity only bill is $85.05, while the MPower Energy average is 4.93% higher at $89.24 per month. MPower Energy ranks 83rd in the US for average monthly bill total. 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.