Payless Power

About Payless Power

Payless Power supplies electricity to 196 counties and is classified as a retail power marketer. With 38,651 total consumers, the provider supplies electricity to only residential locations. The residential electricity rate for patrons of Payless Power is, on average, 21.64 cents per kilowatt hour , which is more than both the state and United States average prices of 14.52 and 15.76 cents per kilowatt hour, respectively. There were a total of 450,355 megawatt hours sold to retail customers in 2022 by the provider. Of the megawatt hours they sourced, 482,099 megawatt hours were acquired by way of the wholesale market. Their revenue in 2022 from electricity activities was $92,471,500, the entirety of which came from retail sales to end users.

The average residential electricity bill for a consumer of Payless Power is $205.67 per month. Electricity production is not part of the Payless Power business model, as they purchase electricity at wholesale rates from other providers to then be resold to their end users.