New Wave Energy Corporation
Retail Power Marketer electric utility · Pennsylvania · #852 of 3,199 U.S. utilities by customers · EIA utility #59812
New Wave Energy Corporation is a retail power marketer electric utility serving 16,240 customers in Maryland, New Jersey, New York, Ohio, Pennsylvania. In 2025 it sold 597 gigawatt-hours of electricity for $65.73M in revenue, an average realized rate of 11.02¢ per kWh across all customer classes and 11.77¢ per kWh for residential customers. EIA records its activities as: retail marketing.
Customers, sales and rates by customer class (2025)
| Class | Customers | Sales (GWh) | Revenue | Avg realized rate | Share of sales |
|---|---|---|---|---|---|
| Residential | 9,578 | 131 | $15.41M | 11.77¢ | |
| Commercial | 6,662 | 466 | $50.31M | 10.81¢ | |
| Total | 16,240 | 597 | $65.73M | 11.02¢ |
Average realized rate = revenue divided by sales as reported on EIA Form 861. It blends fixed charges, demand charges and riders into one per-kWh figure; it is not the utility's tariff rate. Estimated residential bill assumes the average residential customer's actual 2025 usage (1,140 kWh/month).
Operations by state
| State | Customers | Sales (GWh) | Residential rate |
|---|---|---|---|
| Pennsylvania | 8,020 | 199 | 12.54¢ |
| New York | 5,804 | 328 | 10.68¢ |
| Ohio | 1,608 | 37.3 | 9.96¢ |
| New Jersey | 496 | 17.5 | 14.24¢ |
| Maryland | 312 | 15.1 | — |
Five-year trend
| Year | Customers | Sales (GWh) | Revenue | Residential rate |
|---|---|---|---|---|
| 2021 | 18,221 | 757 | $43.86M | 6.28¢ |
| 2022 | 14,861 | 750 | $74.30M | 10.14¢ |
| 2023 | 10,316 | 446 | $41.40M | 8.77¢ |
| 2024 | 16,418 | 565 | $53.41M | 9.52¢ |
| 2025 | 16,240 | 597 | $65.73M | 11.77¢ |
Energy supply (2025)
Net generation: — GWh
Wholesale power purchased: 597 GWh
Winter peak demand: — MW
Other large utilities in Pennsylvania
- FirstEnergy Pennsylvania Electric Co - 1,646,917 customers, residential 18.76¢
- PECO Energy Co - 1,326,554 customers, residential 18.02¢
- PPL Electric Utilities Corp - 934,737 customers, residential 18.60¢
- Reliant Energy Northeast LLC - 547,853 customers, residential 12.91¢
- Duquesne Light Co - 476,364 customers, residential 23.47¢
- CleanChoice Energy, Inc. - 215,303 customers, residential 16.37¢
- SmartEnergy Holdings, LLC - 199,336 customers, residential 15.49¢
- Inspire Energy Holdings, LLC - 191,325 customers, residential 15.63¢
All Pennsylvania utilities and rates
Source: U.S. Energy Information Administration, Form EIA-861 2025 (filed by the utility; figures as published). Utility #59812 in the EIA frame.