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 471,752 customers (0.05% industrial properties, 11.33% 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 18.85 cents per kilowatt hour, which is 20.58% more than the national average of 15.64 cents. Approximately 4,811,117 megawatt hours were sold by the supplier to retail end users in 2022 and 61,972 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 5,158,692 on the wholesale market. The revenue for Pennsylvania Electric Company in 2022 from electricity sales was $959,735,000, with 80.56% coming from retail sales to end users and 0.52% from wholesale electricity sales.

The national average monthly residential power bill is $132.69, while the Pennsylvania Electric Company average is 2.82% less at $128.96 per month. This is the 1714th lowest average monthly bill amount for a provider in the US. Electricity generation is not part of the Pennsylvania Electric Company business model, as they purchase electricity at wholesale rates to then be resold to their consumers.