Shipley Energy

About Shipley Energy

Shipley Energy is a retail power marketer supplying electricity in 3 different states within the nation. This service territory also includes 915 cities within these states. They presently provide electricity to residential and commercial customers, with a total of 648 commercial accounts and 22,395 residential customers subscribed. Customers of Shipley Energy are billed an average electricity only residential price of 7.86 cents per kilowatt hour, which is 5.81% below the average nationwide electricity only service rate of 8.34 cents. Around 421,803 megawatt hours were sold by the company to retail end users in 2021. The megawatt hours sourced by the provider primarily came from megawatt hours that they acquired by way of wholesale channels. They purchased 464,949 wholesale megawatt hours. Their revenue for 2021 from electricity related activities was $28,054,400, the entirety of which came from retail sales to end users.

The nationwide average monthly residential electricity only bill is $60.47, while the Shipley Energy average is 30.48% more at $78.9 per month. Shipley Energy ranks 166th in the United States for average monthly bill amount. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end consumers.