MPower Energy

About MPower Energy

With headquarters in Brooklyn, New York, MPower Energy supplies electricity to 7 states in the country. The residential electricity only rate for consumers of MPower Energy is, on average, 19.28 cents per kilowatt hour, which is, sadly, 53.97% more than the average US electricity only service price of 12.52 cents. In 2023 MPower Energy sold 100.00% of their total megawatt hours disposed via normal retail sales to end users. Wholesale power purchases made up 100.00% of all electricity sourced by the company . Exactly 304,375 megawatt hours were acquired via the wholesale electricity market. They made $58,075,400 in total revenue in 2023 through retail electricity sales alone.

The nationwide average monthly residential electricity only bill is $83.49, while the MPower Energy average is 0.03% higher at $83.52 per month. MPower Energy ranks 80th 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.