Spruce Finance: Rates and Coverage Area

Spruce Finance

Electricity Rates, Plans & Statistics

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About Spruce Finance

Spruce Finance is a behind the meter electricity company, which means they work directly with consumers to create electricity generation opportunities outside of the traditional power grid. With 51,171 total consumers, the supplier supplies electricity to only residential customer accounts. Spruce Finance has an average residential electricity rate of 17.29 cents per kilowatt hour, which is 9.86% more than the US average rate of 15.73 cents. In 2022 the company sold 100.00% of their total megawatt hours disposed via normal retail sales to end users. The electricity produced in the company's power plants made up 282,793 of the megawatt hours sourced by the company. In 2022, the total revenue of Spruce Finance was $51,681,300, which was earned entirely through electricity sales to retail customers.

Consumers of the company pay an average monthly residential electric bill of $117.26. This is 13.39% lower than the United States average bill of $135.39. Electricity production is not part of the Spruce Finance business plan, as they purchase electricity at wholesale rates and then resell to their consumers.

Spruce Finance Rate & Electric Bills

Spruce Finance residential electric rates are highest in October and the highest average bill is in August.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.267/kWh$0.121/kWh$171.98/mo.$73.94/mo.
2558th17.29¢Spruce Finance's Average residential price per kWh
1352nd$117.26Average monthly electricity bill for Spruce Finance's residential customers

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Spruce Finance Overview

  • Company Type:Behind the Meter
  • Headquarters:2900 North Loop West, 3rd Floor
    Houston, Texas 77092
    United States of America

Spruce Finance Contact

Spruce Finance Service

    • States Served:
    Energy provider of the year for Louisiana, Major Provider Category
    Lowest Average Residential Monthly Bill
    Louisiana, Major Provider Category
    Claim Award
    Energy provider of the year for Louisiana, Major Provider Category
    Lowest Residential Electricity Rate
    Louisiana, Major Provider Category
    Claim Award
    Energy provider of the year for Hawaii, Major Provider Category
    Top 3 Lowest Residential Electricity Rate
    Hawaii, Major Provider Category
    Claim Award

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    Spruce Finance State Coverage

    StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
    Arizona3,6444,321,483396%
    California25,53241,103,1333857.07%
    Colorado1,066875,608611.22%
    Connecticut1,8542,329,519193.23%
    Hawaii484618,315100.86%
    Louisiana8945,572410.06%
    Maryland582614,523220.85%
    Massachusetts3,4123,499,413484.86%
    Nevada151232,952240.32%
    New Jersey6,2718,063,7871911.2%

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    Spruce Finance FAQ:

    How many states does Spruce Finance sell electricity to?

    There are 11 states that receive at least some electricity coverage by Spruce Finance including California, New York, New Jersey, Arizona, and Massachusetts.

    What is the average BUNDLED electricity rate for Spruce Finance customers?

    Spruce Finance's current average BUNDLED electricity rate is 17.29 cents per kilowatt hour (¢/kWh), compared to the average United States BUNDLED rate of 15.73 cents.

    What is the phone number for Spruce Finance?

    Spruce Finance's customer service phone number is (866) 439‑3211

    What is the average bundled bill for Spruce Finance customers each month?

    Spruce Finance currently has an average monthly bundled electric bill of $117.26, compared to the United States average of $135.39 for bundled service.

    Fernando García
    Last Reviewed By: Fernando García
    Published: 2022-03-13