V247 Power Corporation: Rates and Coverage Area

V247 Power Corporation

Electricity Rates, Plans & Statistics

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About V247 Power Corporation

V247 Power Corporation is a retail power marketer. A retail power marketer is a company that offers their services in deregulated electricity markets where customers can purchase electricity from multiple different providers. Currently, 25,892 customers receive their electricity from the provider. These customers are a mix of 91.55% residential customers and 8.45% commercial customers. V247 Power Corporation averages 11.09 cents per kilowatt hour billed to their customers for residential electricity. Fortunately for their customers, this rate is lower than both the state and the nationwide average prices of 14.43 and 15.73 cents per kilowatt hour, respectively. In 2022 V247 Power Corporation sold 100.00% of their disposition to end users (known as retail sales). The electricity sourced by the company is made up primarily of megawatt hours they procured on the wholesale market. Of the electricity sourced whole purchased made up 100.00%. The company made $14,287,300 in total revenue from electricity-related activities in 2022 through sales to retail end-users alone.

The average monthly residential power bill for a consumer of V247 Power Corporation is $37.52. The provider currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users.

V247 Power Corporation Rate & Electric Bills

V247 Power Corporation residential electric rates are highest in March and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.115/kWh$0.090/kWh$183.29/mo.$25.33/mo.
515th11.09¢V247 Power Corporation's Average residential price per kWh
16th$37.52Average monthly electricity bill for V247 Power Corporation's residential customers

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V247 Power Corporation Overview

  • Company Type:Retail Power Marketer
  • Headquarters:9999 Bellaire Boulevard Suite #1133
    Houston, Texas 77036
    United States of America
  • CEO:Robert Pham

V247 Power Corporation Contact

V247 Power Corporation Service

  • States Served:
    • Texas

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V247 Power Corporation State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Texas25,89214,141,138.88152100%

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V247 Power Corporation FAQ:

Who is the CEO of V247 Power Corporation?

Robert Pham is the CEO of V247 Power Corporation.

What is the phone number for V247 Power Corporation?

V247 Power Corporation's customer service phone number is (855) 888-9888

What is the average bundled electricity rate for V247 Power Corporation customers?

Consumers of V247 Power Corporation, on average, have an electricity bundled rate 11.09 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for V247 Power Corporation customers each month?

Customers of V247 Power Corporation pay, on average, a monthly bundled bill of $37.52.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2022-03-13