South Bay Energy

About South Bay Energy

South Bay Energy is a retail power marketer serving 5 different states in the US including New York, Pennsylvania, Illinois, Ohio, and New Jersey. Additionally, this coverage area incorporates 4657 cities within these states. The company has 36 industrial customers, 5,747 residential customers and 3,743 commercial customers whom they supply electricity services to. The residential electricity only rate for patrons of South Bay Energy is, on average, 17.76 cents per kilowatt hour, which is, sadly for their consumers, 75.06% more than the average national electricity only service price of 10.14 cents. They sold 125,243 megawatt hours through retail sales in 2022. Of the megawatt hours they sourced, 134,957 megawatt hours were obtained via the wholesale market. The total revenue of South Bay Energy in 2022 was $22,513,000, which was earned entirely through electricity sales to retail customers.

Customers of the supplier pay an average monthly residential electricity only bill of $97.46. This is 37.75% more than the nationwide average bill of $70.75. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it at a higher rate to end consumers.