Renaissance Power and Gas

About Renaissance Power and Gas

Renaissance Power and Gas is a retail power marketer providing electricity in 4 different states in the country. In addition, this service area encompasses 1989 cities within these states. With 8,444 customers, the company serves 7,855 residential locations and 589 commercial locations. Renaissance Power and Gas' consumers are charged an average electricity only residential rate of 12.28 cents per kilowatt hour, which is 45.15% above the national average electricity only rate of 8.46 cents. Roughly 55,262 megawatt hours were sold by the company to retail end users in 2020. The electricity sourced by the provider primarily came from megawatt hours that they acquired on wholesale channels. They purchased 55,262 on the wholesale market. Their total revenue in 2020 from electricity related activities was $6,561,100, with 100.00% coming from retail sales to end users.

The national average monthly residential electricity only bill is $61.89, while the Renaissance Power and Gas average is 13.64% less at $53.45 per month. The supplier currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it to end users.