WEC Energy Group

About WEC Energy Group

WEC Energy Group is headquartered in Milwaukee, Wisconsin and provides electricity in 34 counties within Wisconsin. A total of 1,642,681 customers (2 transportation customer accounts, 1,463,844 residential properties, 178,028 commercial customer accounts and 807 industrial accounts) receive electricity from the company. WEC Energy Group has an average residential electricity rate of 18.66 cents per kilowatt hour. This is 15.05% higher than the national average price of 16.22 cents. There were a total of 33,736,141 megawatt hours sold to retail accounts in 2023 by the supplier. Electricity production facilities owned by WEC Energy Group generated 68.82% of the megawatt hours sourced by the provider and an additional 31.18% was purchased by way of the wholesale market. WEC Energy Group earned $5,707,109,900 in 2023. Exactly $342,714,700 of that revenue came from electricity sales on the wholesale energy market and $4,525,782,500 came from sales to retail end-users.

Consumers of the supplier have an average residential electricity bill of $120.54. This is 15.93% lower than the nationwide average of $143.38. Wind turbines owned by the supplier produce 1,407,166.15 megawatt hours, or 4.79% of the electricity production by the supplier. The supplier produces a total of 13,107,822.66 megawatt hours from coal use. This ranks them the 33rd highest producer in the country out of 3530 electricity providers The company generates 26,746,845.64 megawatt hours from non-renewable fuels per year, making them 45th out of 3530 suppliers in the nation.