Electricity Purchased — Total cost of sales
Southern Company Electricity Purchased — Total cost of sales decreased by 67.9% to $207.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 67.9%, from $645.00M to $207.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may indicate higher reliance on external markets, rising wholesale energy prices, or capacity constraints in internal generation, while a decrease may reflect improved internal generation efficiency or lower market prices.
Detailed definition
This metric represents the total expenditure incurred by the utility to acquire electricity from third-party generators...
Peer comparison
Comparable to 'Purchased Power Expense' or 'Energy Procurement Costs' reported by other vertically integrated utilities and independent power producers.
so_segment_purchased_power_total_cost_of_salesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $217.00M | $288.00M | $266.00M | $232.00M | $408.00M | $645.00M | $207.00M |
| QoQ Change | — | +32.7% | -7.6% | -12.8% | +75.9% | +58.1% | -67.9% |
| YoY Change | — | — | — | — | +88.0% | +124.0% | -67.9% |
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Frequently Asked Questions
- What is Southern Company's electricity purchased — total cost of sales?
- Southern Company (SO) reported electricity purchased — total cost of sales of $207.00M in Q3 2023.
- How has Southern Company's electricity purchased — total cost of sales changed year-over-year?
- Southern Company's electricity purchased — total cost of sales decreased by 67.9% year-over-year, from $645.00M to $207.00M.
- What does electricity purchased — total cost of sales mean?
- The total cost paid to external suppliers for electricity purchased to meet customer demand.