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 421,411 customers, 0.69% of which are industrial properties, 9.94% are commercial customer accounts and 89.37% are residential customers. The average residential electricity rate for patrons of Potomac Edison is about 13.52 cents per kilowatt hour, which is 16.14% below the US average of 16.13 cents. They sold 7,267,530 megawatt hours in 2023 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 3,498,535 megawatt hours and purchased 4,060,834 wholesale megawatt hours. Potomac Edison earned $886,353,300 in 2023, $8,011,600 of which came from electricity sales on the wholesale energy market and $800,474,200 of which came from sales to residential electricity customers.

The nationwide average monthly residential electricity bill is $141.25, while the Potomac Edison average is 10.28% more at $155.77 per month. Potomac Edison ranks 2208th in the United States for average monthly bill amount. The supplier's customers are faced with an average of 0.98 power outages per consumer each year. These outages go on for an average of 147.54 minutes, while the national average is 1.44 outages per consumer and 123.49 minutes an outage. The company 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.