Sunwave Energy

About Sunwave Energy

Sunwave Energy is a retail power marketer supplying electricity in 10 different states in the nation. Additionally, this coverage territory incorporates 3344 cities within these states. With 3,313 customers, the company supplies electricity to 1,247 commercial properties and 2,066 residential customer accounts. Sunwave Energy bills their consumers an electricity only residential rate of 10.21 cents per kilowatt hour on average, which is 0.67% above the nationwide average electricity only rate of 10.14 cents. Sunwave Energy had total sales and disposition of 37,283 megawatt hours in 2022, of which 37,283 megawatt hours were from sales to end users. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. Their total revenue in 2022 was $3,542,600 and was earned only from electricity sales to retail customers.

The average monthly residential power bill for an electricity only consumer of Sunwave Energy is $25.91 per month, while the US average is $70.75. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users.