NOCO Energy

About NOCO Energy

NOCO Energy is a retail power marketer. A retail power marketer is a company that operates in deregulated electricity markets where consumers can purchase electricity from multiple different providers. A total of 7,909 commercial customers and 6,343 residential accounts are supplied electricity by the provider. Consumers of NOCO Energy pay an average electricity only residential rate of 7.26 cents per kilowatt hour, which is 50.18% below the state's average electricity only price of 14.57 cents. This makes the company 4th out of 64 suppliers in the state for lowest average electricity only rate. In 2023 the company sold 98.04% of their total megawatt hours disposed by way of normal retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 601,294 megawatt hours purchased by the company. They earned $42,116,000 in total revenue for 2023, which all came from retail electricity sales.

The nationwide average monthly residential electricity only bill is $83.49, while the NOCO Energy average is 0.18% more at $83.64 per month. NOCO Energy ranks 80th in the United States for average monthly bill amount. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.