Potomac Electric Power Company

About Potomac Electric Power Company

Potomac Electric Power Company is an investor owned company located in Washington, District of Columbia and providing power to customers in 2 states in the United States including in major cities like Washington, Germantown CDP, Silver Spring CDP, Gaithersburg, and Bethesda CDP. A total of 775,368 residential customers, 49,381 commercial accounts and one industrial customer are provided electricity by the company. On average, Potomac Electric Power Company's consumers pay a residential electricity rate of 19.45 cents per kilowatt hour, which is 20.42% higher than the US average price of 16.15 cents. They had sales of 9,447,252 megawatt hours in 2023 by way of retail sales. The megawatt hours sourced by the supplier primarily came from megawatt hours that they purchased via the wholesale market. They purchased 9,796,907 megawatt hours on the wholesale market. In 2023, they made a total of $2,836,583,300 from business activities relating to the sale and transfer of electricity. They had revenue of $1,640,857,100 from retail sales to end users.

The average monthly residential electricity bill for a customer of Potomac Electric Power Company is $147.63 per month, while the nationwide average is $142.37. Customers of the company pay 3.70% more compared to other citizens of the country. The provider does not have ownership in any electricity generation facilities and all of the power that they sell to their customers must be purchased from other companies. Customers of the company are faced with 0.41 electrical outages per year with outages lasting on average 38.99 minutes.