Inspire Energy

About Inspire Energy

With headquarters in Santa Monica, California, Inspire Energy provides electricity to 9 states in the US and is considered a retail power marketer. The provider last reported a total of 278,475 total customers. Exactly 4,050 of them are commercial properties and the rest are residential accounts. Inspire Energy averages 13.82 cents per kilowatt hour for electricity only billed to their customers for residential electricity. This is 22.39% above the US average electricity only price of 11.29 cents, which ranks the company 121st out of 150 providers in the United States for lowest average electricity only rate. In 2022 Inspire Energy had sales to end customers totaling 2,525,520 megawatt hours. The megawatt hours sourced by the supplier primarily came from megawatt hours that they acquired via the wholesale electricity market. They purchased 2,525,520 megawatt hours on the wholesale market. In 2022 they had total electricity related revenue of $309,924,900, with 100.00% from retail sales.

The US average monthly residential electricity only bill is $73.94, while the Inspire Energy average is 31.45% higher at $97.2 per month. Inspire Energy ranks 140th in the nation for average monthly bill total. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices from other suppliers and then resell it at a higher rate to end customers.