Pennsylvania Electric Company

About Pennsylvania Electric Company

With their main offices in Erie, Pennsylvania, Pennsylvania Electric Company offers electricity services 2 states in the United States including New York and Pennsylvania. On average, Pennsylvania Electric Company's patrons spend 18.75 cents per kilowatt hour for their residential electricity, which is 18.97% above the national average of 15.76. They had sales of 4,811,117 megawatt hours in 2022 via retail sales and 61,972 megawatt hours via wholesale to other electricity companies. The electricity sourced by the provider primarily came from megawatt hours that they acquired via the wholesale market. They purchased 5,158,692 wholesale megawatt hours. In 2022, the company made a total of $959,735,000 from business activities relating to the sale and transfer of electricity. They had revenue of $4,985,600 coming from wholesale electricity sales and $773,149,200 from retail sales to end users.

The national average monthly residential power bill is $137.33, while the Pennsylvania Electric Company average is 5.74% less at $129.44 per month. This is the 1638th lowest average monthly bill amount for a provider in the US. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers. Consumers of the provider are faced with 1.79 electrical outages per year with outages lasting an average of 257.35 minutes.