Penstar Power

About Penstar Power

Penstar Power provides electricity for 196 counties in Texas. The entity is a retail power marketer. A total of 3,124 customers (3.04% commercial accounts and 96.96% residential accounts) are supplied electricity by the company. On average, Penstar Power bills their consumers a residential electricity rate of 12.02 cents per kilowatt hour. This is, thankfully for their customers, 3.16% less than the state's average price of 12.41 cents, which ranks the provider 142nd best for average electricity rate out of 217 providers in Texas. They sold 37,971 megawatt hours by way of retail sales in 2020. The electricity sourced by the supplier primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 37,971 megawatt hours on the wholesale market. Their total revenue for 2020 was $4,627,500 and came from sales to retail electricity customers alone.

Patrons of the provider pay an average residential power bill of $115.54. This is 19.71% less than the state average of $140.36. The provider does not have ownership in any electricity generation facilities and all of the megawatt hours that they sell to their consumers must be purchased wholesale from other providers.