Peninsula Clean Energy

About Peninsula Clean Energy

Peninsula Clean Energy is a community choice aggregator (CCA) located in Redwood City, California and supplying electricity to customers in California. The company recently disclosed a total of 295,491 total customers, 90.34% of which are residential accounts, 9.57% are commercial customer accounts and 0.10% are industrial properties. On average, Peninsula Clean Energy's residential electricity only rate is 7.93 cents per kilowatt hour. Fortunately, this is 0.88% less than California's average electricity only price of 8.00 cents. About 3,456,287 megawatt hours were sold by the supplier to retail accounts in 2020. The electricity sourced by Peninsula Clean Energy is made up primarily of megawatt hours they purchased on wholesale channels. This category makes up 100.00% of all electricity sourced. The supplier had $266,876,500 in total revenue for 2020 from electricity-related activities, all of which came from retail sales to end-users.

The national average monthly residential electricity only bill is $61.89, while the Peninsula Clean Energy average is 41.29% below at $36.34 per month. Electricity production is not part of the Peninsula Clean Energy business plan, as they purchase electricity at wholesale rates to then be resold to their customers.