Penn Power

About Penn Power

Penn Power serves electricity to 7 counties in the state such as the counties of Allegheny County, Butler County, Beaver County, Mercer County, and Lawrence County. The company is an investor owned entity. Recently filed reports by the company showed a customer base of 136,501 accounts, 76 of which are industrial customers, 11,933 are commercial customers and 124,492 are residential properties. On average, Penn Power's residential electricity rate is 17.29 cents per kilowatt hour. Unfortunately for their patrons, this price is more than both the Pennsylvania and the United States average rates of 7.25 and 16.13 cents per kilowatt hour, respectively. In 2023 Penn Power sold 1.12% of their total megawatt hours disposed to other suppliers in the wholesale market. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2023, they made a total of $312,047,000 from business activities relating to the sale and transfer of electricity. They had revenue of $267,197,200 coming from retail sales to end users and $732,100 from sales to the wholesale electricity market.

The nationwide average monthly residential electricity bill is $141.25, while the Penn Power average is 6.67% higher at $150.67 per month. Penn Power ranks 2093rd in the US for average monthly bill total. The power grid managed by the supplier has 0.86 outages per consumer each year, with outages lasting roughly 118.54 minutes. The US average for other companies is 1.44 outages per consumer and 123.49 minutes an outage. The supplier does not have ownership in any electricity production plants and all of the megawatt hours that they sell to their consumers must be purchased from other suppliers.