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 17,237 customers receiving electricity from the company. Roughly 0.17% of these customers are industrial accounts, 11.55% are commercial customers and 88.28% are residential accounts. The average electricity only residential rate for consumers of Pico Rivera Innovative Municipal Energy is around 16.82 cents per kilowatt hour. This is 33.16% more than the US average electricity only price of 12.63 cents. In 2023 Pico Rivera Innovative Municipal Energy had sales to end users totaling 198,327 megawatt hours. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 198,327 megawatt hours were acquired by way of wholesale channels. The total revenue of Pico Rivera Innovative Municipal Energy in 2023 was $26,352,000, which was earned entirely through electricity sales to retail customers.

The nationwide average monthly residential electricity only bill is $85.05, while the Pico Rivera Innovative Municipal Energy average is 3.30% below at $82.24 per month. This is the 68th 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.