PSEG

About PSEG

With headquarters in Newark, New Jersey, PSEG offers electricity services 3 states in the nation. A total of 2,975,698 residential customers, 399,149 commercial accounts, 2 transportation customers and 6,811 industrial accounts receive their electricity from the company. PSEG's customers spend, on average, 20.13 cents per kilowatt hour for their electricity, resulting in the supplier ranking 2822nd out of 2893 in the US for average electricity rate. They sold 23,561,074 megawatt hours through wholesale channels to other electricity providers in 2022. Of the megawatt hours they sourced, 1,921,953 of them were generated by electricity generation plants owned by the supplier and 66,408,210 megawatt hours were acquired via the wholesale market. The revenue for PSEG for 2022 from electricity sales was $12,415,806,400, with $2,680,056,200 coming from sales to the wholesale market and $8,085,951,600 from retail sales to end users.

The average monthly residential electric bill for a customer of PSEG is $122.82. PSEG is the 26th largest electricity company out of 3517 providers in the US based on megawatt hours sold. Solar fields associated with the company produce 529,185 megawatt hours, which is 1.18% of their total generation. PSEG produces 44,907,356.46 megawatt hours from their generation facilities, ranking them as the 27th highest generator of electricity out of 3517 electricity suppliers in the United States.