Viridian Energy

About Viridian Energy

Viridian Energy is a retail power marketer. A retail power marketer is a company that operates in deregulated electricity markets where consumers can purchase electricity from multiple different providers. A total of 4,043 commercial customers and 26,838 residential accounts are supplied electricity by the provider. Consumers of Viridian Energy pay an average electricity only residential rate of 19.66 cents per kilowatt hour, which is 56.66% above the national average electricity only price of 12.55 cents. This makes the company 191st out of 142 suppliers in the nation for lowest average electricity only rate. In 2023 the company sold 100.00% of their total megawatt hours disposed by way of normal retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 261,025 megawatt hours purchased by the company. They earned $48,644,200 in total revenue for 2023, which all came from retail electricity sales.

The nationwide average monthly residential electricity only bill is $84.31, while the Viridian Energy average is 59.14% more at $134.17 per month. Viridian Energy ranks 188th 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.