Pico Rivera Innovative Municipal Energy

About Pico Rivera Innovative Municipal Energy

Pico Rivera Innovative Municipal Energy supplies electricity in Pico Rivera, California. Electricity providers must regularly report the total number of customers they have to government agencies. Recently the company listed a total of 17,005 customers receiving electricity from the company. Roughly 0.17% of these customers are industrial accounts, 10.63% are commercial customers and 89.20% are residential accounts. The average electricity only residential rate for consumers of Pico Rivera Innovative Municipal Energy is around 10.23 cents per kilowatt hour. This is, thankfully, 6.97% less than the state's average electricity only price of 11.00 cents. Around 221,252 megawatt hours were sold by the supplier to retail customers in 2022. The electricity sourced by Pico Rivera Innovative Municipal Energy is made up primarily of megawatt hours they acquired via the wholesale electricity market. Of the electricity sourced by the company, whole purchased made up 100.00%. The company earned $20,826,800 in total revenue from electricity-related activities in 2022 through sales to retail end-users alone.

The nationwide average monthly residential electricity only bill is $70.75, while the Pico Rivera Innovative Municipal Energy average is 24.87% below at $53.16 per month. This is the 40th lowest average monthly bill amount for a provider in the nation. Electricity generation is not handled in house at the company, as they purchase electricity at wholesale rates and then resell to their consumers.