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. A total of 472,477 customers (0.05% industrial properties, 11.32% commercial customers and 88.63% residential accounts) purchase their electricity from the company. Consumers of Pennsylvania Electric Company are charged an average residential electricity price of 19.03 cents per kilowatt hour, which is 17.37% more than the national average of 16.22 cents. Approximately 4,639,276 megawatt hours were sold by the supplier to retail end users in 2023 and 51,763 megawatt hours were sold to other providers through the wholesale market. The electricity sourced by the provider primarily came from megawatt hours that they acquired by way of the wholesale electricity market. They purchased 4,915,284 on the wholesale market. The revenue for Pennsylvania Electric Company in 2023 from electricity sales was $1,059,146,200, with 78.13% coming from retail sales to end users and 0.14% from wholesale electricity sales.

The national average monthly residential power bill is $143.38, while the Pennsylvania Electric Company average is 7.40% less at $132.77 per month. This is the 1385th 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 1.61 electrical outages per year with outages lasting an average of 230.13 minutes.