Park Power

About Park Power

Park Power provides electricity to 7 states in the country including cities like Chicago, Philadelphia, Columbus, Washington, and Baltimore. The company is a retail power marketer. Electricity companies must regularly report the number of customers they have to government agencies. In the most recent report the provider reported 86 commercial customers and 28,124 residential customers being supplied electricity by the company. This is the sum of their customer base. Patrons of Park Power are charged an average electricity only residential rate of 10.39 cents per kilowatt hour, which is 24.53% more than the national average electricity only rate of 8.34 cents. This makes the supplier 131st out of 154 companies in the US for best average electricity only price. Of the 273,977 megawatt hours Park Power sold and dispossessed, 96.23% were via retail sales. The electricity sourced by Park Power is made up of primarily wholesale purchased megawatt hours, with 273,977 procured by the company. Their total revenue for 2021 from electricity activities was $27,384,400, the entirety of which came from retail sales to end users.

The national average monthly residential electricity only bill is $60.47, while the Park Power average is 33.21% higher at $80.55 per month. Park Power is the 174th ranked supplier in the country for average monthly bill amount. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it to end users.