New Wave Energy Corporation

About New Wave Energy Corporation

New Wave Energy Corporation is a retail power marketer. A retail power marketer is a provider that does business in deregulated electricity markets where customers can purchase electricity from multiple different providers. The most recent data reported by the company showed a total customer base of 15,016 customer accounts. Exactly 6,755 of these are commercial properties and 8,261 are residential accounts. New Wave Energy Corporation averages 11.02 cents per kilowatt hour for electricity only charged to their consumers for residential electricity, which is, fortunately for their consumers, 2.36% below the average US electricity only service rate of 11.29 cents. The company sold 750,476 megawatt hours in 2022 through traditional retail sales. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 750,476 procured by the company. In 2022 they had total electricity related revenue of $74,299,400, with 100.00% coming from retail sales.

The average monthly residential electricity bill for an electricity only customer of New Wave Energy Corporation is $138.15 per month. Customers of the company pay 86.83% more compared to other citizens of the US. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other companies and then resell to their end users.