Wholesale Electric PPA Capacity Revenues — Total revenue from contracts with customers
Southern Company Wholesale Electric PPA Capacity Revenues — Total revenue from contracts with customers decreased by 13.7% to $151.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 13.7%, from $175.00M to $151.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growth in contracted capacity or higher pricing in long-term wholesale agreements, while a decrease may indicate contract expirations or reduced capacity availability. Stable or growing revenues in this category generally signal lower risk and higher predictability in the wholesale generation business.
Detailed definition
This metric represents the total revenue generated from long-term power purchase agreements (PPAs) where the company is...
Peer comparison
Comparable to capacity payment revenues reported by other independent power producers and utility-owned wholesale generation segments that utilize long-term take-or-pay or capacity-based contracts.
so_segment_ppa_capacity_revenues_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $118.00M | $125.00M | $131.00M | $134.00M | $136.00M | $175.00M | $151.00M |
| QoQ Change | — | +5.9% | +4.8% | +2.3% | +1.5% | +28.7% | -13.7% |
| YoY Change | — | — | — | — | +15.3% | +40.0% | -13.7% |
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Frequently Asked Questions
- What is Southern Company's wholesale electric ppa capacity revenues — total revenue from contracts with customers?
- Southern Company (SO) reported wholesale electric ppa capacity revenues — total revenue from contracts with customers of $151.00M in Q3 2023.
- How has Southern Company's wholesale electric ppa capacity revenues — total revenue from contracts with customers changed year-over-year?
- Southern Company's wholesale electric ppa capacity revenues — total revenue from contracts with customers decreased by 13.7% year-over-year, from $175.00M to $151.00M.
- What does wholesale electric ppa capacity revenues — total revenue from contracts with customers mean?
- Revenue earned from long-term contracts that pay the company for maintaining available power generation capacity.