Upper Peninsula Power Company

About Upper Peninsula Power Company

Upper Peninsula Power Company is an investor owned organization. The largest city served by the supplier is Marquette, but the company also provides electricity to 21 cities in the state of Michigan. Electricity companies must regularly report their customer counts to government agencies. Recently the provider listed 47,735 residential customers, 6,140 commercial customer accounts and 45 industrial customers signed up to receive electricity from the company. This is the entirety of their customers. Upper Peninsula Power Company averages 27.06 cents per kilowatt hour billed to their patrons for residential electricity. Unfortunately for their customers, this rate is higher than both the Michigan and the nationwide average prices of 19.30 and 16.22 cents per kilowatt hour, respectively. In 2023 they sold 71,120 megawatt hours through wholesale channels to other companies. Electricity plants owned by the company produced 15.16% of the megawatt hours sourced by the supplier and an additional 84.84% was acquired via wholesale channels. In 2023, the supplier made 95.63% of their revenue from retail electricity sales to end users and 1.57% via sales via wholesale electricity channels. Their total revenue from all electricity related activities was $120,976,000.

The US average monthly residential electric bill is $143.38, while the Upper Peninsula Power Company average is 13.54% lower at $123.97 per month. Dams and other hydroelectric facilities associated with the electricity company produce 118,925 megawatt hours, making the supplier the 93rd largest producer of hydroelectric power out of 3530 companies in the US. By megawatt hours generated, Upper Peninsula Power Company is the 21st largest provider out of 82 suppliers in the state. The supplier does not have ownership in any electricity generation facilities and all of the electricity that they sell to their customers must be purchased wholesale from other suppliers.