Powervine Energy

About Powervine Energy

Powervine Energy is a retail power marketer. A retail power marketer is a provider that operates in deregulated electricity markets where consumers can purchase electricity from a multitude different providers. Electricity companies must regularly report the total number of customers they have to government agencies. Most recently the company listed a total of 4,310 customers signed up for their services, all of which are residential accounts. Customers of Powervine Energy pay an average electricity only residential rate of 9.58 cents per kilowatt hour. This is 23.64% lower than the nationwide average electricity only price of 12.55 cents, resulting in the provider ranking 34th lowest for average electricity only price out of 142 providers in the United States. In 2023 the company had retail sales of 51,994 megawatt hours. The megawatt hours sourced by the provider primarily came from megawatt hours that they purchased on wholesale channels. They purchased 51,994 wholesale megawatt hours. The company earned $4,998,000 in 2023. All of that revenue came from retail sales alone.

The national average monthly residential electricity only bill is $84.31, while the Powervine Energy average is 36.96% higher at $115.47 per month. Powervine Energy ranks 153rd in the US for average monthly bill amount. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it to end users.