Potomac Edison

About Potomac Edison

Potomac Edison is an investor owned company operating in 2 states in the nation. The company recently reported a total of 412,875 customers, 0.71% of which are industrial properties, 9.99% are commercial customer accounts and 89.30% are residential customers. The average residential electricity rate for patrons of Potomac Edison is about 11.81 cents per kilowatt hour, which is 24.48% below the US average of 15.64 cents. They sold 7,633,544 megawatt hours in 2022 through retail accounts. The electricity they sourced was made up of megawatt hours generated by the company in power plants they own and megawatt hours that they procured by way of the wholesale electricity market. They generated 3,761,523 megawatt hours and purchased 5,174,256 wholesale megawatt hours. Potomac Edison earned $948,557,400 in 2022, $89,282,600 of which came from electricity sales on the wholesale energy market and $786,109,600 of which came from sales to residential electricity customers.

The nationwide average monthly residential electricity bill is $132.69, while the Potomac Edison average is 0.22% more at $132.98 per month. Potomac Edison ranks 1825th in the United States for average monthly bill amount. Electricity generation is not part of the Potomac Edison business model, as they purchase electricity at wholesale rates from other companies and then resell to their end users.