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. A total of 6,330 customers (99.91% residential properties and 0.09% commercial properties) purchase their electricity from the company. Powervine Energy averages 8.33 cents per kilowatt hour for electricity only billed to their patrons for residential electricity, which ranks the company 23rd out of 150 in the nation for average electricity only rate. A total of 89,230 megawatt hours were sold via retail sales in 2022 by the provider. The electricity sourced by the provider primarily came from megawatt hours that they purchased on wholesale channels. They purchased 89,230 megawatt hours on the wholesale market. Their total revenue for 2022 was $6,545,300 and came through sales to retail electricity customers alone.

The national average monthly residential electricity only bill is $73.94, while the Powervine Energy average is 26.95% higher at $93.87 per month. Powervine Energy ranks 131st 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.