Octopus Energy US

About Octopus Energy US

Octopus Energy US is a retail power marketer providing electricity in 1367 cities in the state of Texas. The supplier has 10,374 customers, all of which are residential property types. Octopus Energy US's consumers pay an average residential electricity rate of 12.64 cents per kilowatt hour, ranking the provider at 67th out of 200 providers in Texas and 925th out of 2885 in the nation. In 2023 Octopus Energy US sold 100.00% of their disposition to end users (known as retail sales). The electricity sourced by Octopus Energy US is made up primarily of megawatt hours they purchased on the wholesale electricity market. Of the electricity sourced by the company, whole purchased made up 100.00%. Through retail sales , They made $20,661,800 in 2023.

The state average monthly residential electricity bill is $174.63, while the Octopus Energy US average is 6.51% higher at $183.96 per month. Octopus Energy US is the 147th 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.