Wholesale Electric Revenues — Total revenue from contracts with customers
Southern Company Wholesale Electric Revenues — Total revenue from contracts with customers decreased by 45.6% to $569.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 45.6%, from $1.05B to $569.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher utilization of generation assets or favorable market pricing in wholesale power markets, while a decrease may indicate lower demand from wholesale partners or reduced surplus capacity.
Detailed definition
This metric represents the total revenue generated from the sale of electricity to wholesale customers, such as other ut...
Peer comparison
Peers with large generation fleets often report this as a distinct revenue stream, though the proportion of total revenue varies based on the company's mix of regulated retail versus merchant power generation.
so_segment_wholesale_electric_revenues_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $382.00M | $547.00M | $524.00M | $534.00M | $783.00M | $1.05B | $569.00M |
| QoQ Change | — | +43.2% | -4.2% | +1.9% | +46.6% | +33.5% | -45.6% |
| YoY Change | — | — | — | — | +105.0% | +91.0% | -45.6% |
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Frequently Asked Questions
- What is Southern Company's wholesale electric revenues — total revenue from contracts with customers?
- Southern Company (SO) reported wholesale electric revenues — total revenue from contracts with customers of $569.00M in Q3 2023.
- How has Southern Company's wholesale electric revenues — total revenue from contracts with customers changed year-over-year?
- Southern Company's wholesale electric revenues — total revenue from contracts with customers decreased by 45.6% year-over-year, from $1.05B to $569.00M.
- What does wholesale electric revenues — total revenue from contracts with customers mean?
- Total revenue earned from selling electricity to other utility companies and wholesale power purchasers.