Octopus Energy US

About Octopus Energy US

Octopus Energy US has their head offices in Houston, Texas and supplies electricity in 1041 cities within the state. With 14,798 consumers, the company supplies electricity to only residential customer accounts. Octopus Energy US bills their consumers a residential electricity rate of 10.65 cents per kilowatt hour on average. Thankfully for their patrons, this price is lower than both the Texas and the US average rates of 14.01 and 15.64 cents per kilowatt hour, respectively. Of the 272,559 megawatt hours the provider sold and dispossessed, 272,559 were via retail sales. The electricity sourced was made up of megawatt hours that they purchased on the wholesale electricity market. They purchased 272,559 on the wholesale market. The revenue for Octopus Energy US for 2022 from electricity sales was $29,024,300, with all revenue coming from retail sales to end users.

The state average monthly residential electricity bill is $158.61, while the Octopus Energy US average is 3.64% higher at $163.45 per month. Octopus Energy US is the 135th ranked company in the state for average monthly bill amount. The supplier currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end users.