Spruce Finance electricity rates
Spruce Finance charges an average of 19.18 cents per kilowatt-hour to residential customers, and the average household on its system paid $127 a month using 664 kilowatt-hours, according to its 2024 filing with the U.S. Energy Information Administration.
Behind the Meter CISO California
Where Spruce Finance sits
It is a smaller system, serving 25,337 residential customers, which means its fixed costs are spread across a narrow base. At 19.18¢ per kilowatt-hour it is one of the cheaper places to buy electricity in California, 42.3% under the statewide average of 33.25¢.
Consumption here is below the national norm at 664 kilowatt-hours a month against 871, which softens the effect of the rate on the final bill.
That matters because a bill is not only the cost of generating electricity: it also carries the cost of the network, and who owns that network changes how it is paid for.
| Rate | Monthly bill | Monthly kWh | |
|---|---|---|---|
| Spruce Finance | 19.18¢ | $127 | 664 |
| California average | 33.25¢ | $160 | 488 |
| United States average | 18.44¢ | $155 | 871 |
Utility figures: U.S. Energy Information Administration, Form EIA-861 annual electric power industry report, 2024. State and national figures: Electric Power Monthly, May 2026. Methodology
Other California utilities
| Utility | Rate | Bill | Customers |
|---|---|---|---|
| Southern California Edison Co | 32.43¢ | $164 | 3.2 million |
| Pacific Gas & Electric Co. | 39.62¢ | $198 | 1.9 million |
| City of Palo Alto | 20.67¢ | $104 | 26,249 |
| City of Lodi | 22.47¢ | $137 | 23,751 |
| Bear Valley Electric Service | 30.67¢ | $95 | 23,327 |
Spruce Finance rates: common questions
How much does Spruce Finance charge per kilowatt-hour?
An average of 19.18 cents per kilowatt-hour across its residential customers in 2024. That is -42.3% against the California average of 33.25¢ and +4.0% against the national average of 18.44¢. It is an all-in average across every residential rate schedule the utility offers, not a specific tariff.
What is the average Spruce Finance bill?
$127 a month, based on total residential revenue divided by residential customers over the 2024 survey year, at an average of 664 kWh a month. The national average bill is $155 at 871 kWh.
Who owns Spruce Finance?
It is classified by the EIA as a behind the meter.
Is Spruce Finance expensive compared with other California utilities?
It ranks #26 of the 36 California utilities covered here, counting from the most expensive. Nationally it ranks #107 of 1369.