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Data comes from the EIA. They release company revenues ($), sales (kWh), and # of customers for residential. We calculate the rate as revenues / sales (and corr
by vonadz 4y ago
Data comes from the EIA. They release company revenues ($), sales (kWh), and # of customers for residential. We calculate the rate as revenues / sales (and correcting for units). It's a bit more nuanced than that, like we sum up all of the revenues and sales for each company that is owned by or merged into the specific company (adjusting for % ownership as well).
The numbers are definitely not perfect, and for many companies are a year behind (they only report to the EIA yearly), so that's why there might be a major different in prices (there has been a MAJOR increase in electricity prices in the past couple of months). There are some companies that we have exact rate data for, and those rates are visible on the page when that's the case.
- zbrozek 4y agoThey haven't been $0.12 in PG&E territory since ~2010. Seems like the data source must be very misleading.
- vonadz 4y agoI decided to look into this, because the data is often a bit off, but not by this much. It turns out there was an error in the calculations. For some providers, we extrapolate the values based on historical data, and in this case, it was being done incorrectly. The values have been updated here: https://findenergy.com/providers/pacific-gas-and-electric-company/ https://findenergy.com/providers/pacific-gas-and-electric-co... It looks a lot closer to the numbers you've been quoting now (hitting 31 cents / kilowatt hour in March). Thanks for catching that.