Inspire Energy

About Inspire Energy

With headquarters in Santa Monica, California, Inspire Energy provides electricity to 9 states in the US and is considered a retail power marketer. The provider last reported a total of 233,857 total customers. Exactly 3,879 of them are commercial properties and the rest are residential accounts. Inspire Energy averages 10.28 cents per kilowatt hour for electricity only billed to their customers for residential electricity. This is 23.19% above the US average electricity only price of 8.34 cents, which ranks the company 128th out of 154 providers in the United States for lowest average electricity only rate. In 2021 Inspire Energy had sales to end customers totaling 2,197,425 megawatt hours. The megawatt hours sourced by the supplier primarily came from megawatt hours that they acquired via the wholesale electricity market. They purchased 2,197,425 megawatt hours on the wholesale market. In 2021 they had total electricity related revenue of $225,241,100, with 100.00% from retail sales.

The US average monthly residential electricity only bill is $60.47, while the Inspire Energy average is 30.44% higher at $78.88 per month. Inspire Energy ranks 165th in the nation for average monthly bill total. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it at a higher rate to end customers.