Power Up Energy

About Power Up Energy

Power Up Energy is headquartered in Bridgewater, New Jersey and supplies electricity in 3 states in the US. With 1,298 customers, the supplier supplies electricity to 61 residential customer accounts and 1,237 commercial accounts. Power Up Energy has an average electricity only residential rate of 38.17 cents per kilowatt hour, which is 202.19% above the nationwide average electricity only rate of 12.63 cents. In 2023 they sold 100.00% of their total megawatt hours disposed to end users (known as retail sales). The electricity they sourced consisted of megawatt hours that they purchased via the wholesale electricity market. They purchased 26,996 wholesale megawatt hours. Their revenue in 2023 from electricity activities was $9,786,300, the sum of which came from retail sales to end users.

Patrons of the supplier pay an average monthly residential electricity only bill of $671.48. This is 689.55% above the US average bill of $85.05. Electricity generation is not part of the Power Up Energy business model, as they purchase electricity at wholesale rates and then resell to their consumers.