Cherokee County Electric

About Cherokee County Electric

Cherokee County Electric provides electricity to 4 counties and is classified as an electricity cooperative. At the moment, there are 23,949 customers of the provider. Exactly 2 of them are industrial properties, 1,729 are commercial customers and 22,218 of them are residential customers. Patrons of Cherokee County Electric spend, on average, 15.69 cents per kilowatt hour for their electricity, which is 1.71% higher than the average state rate of 15.43 cents, a potentially frustrating circumstance for their customers. The company had sales of 461,423 megawatt hours in 2023 sold to end users. Electricity generation and wholesale power purchases made up 0.39% and 99.61%, respectively, of the total electricity sourced by the company. Power facilities the company owns produced 1,916 megawatt hours and an additional 492,769 were procured on the wholesale electricity market. In 2023 they had total electricity related revenue of $61,012,000, with 98.05% from retail sales.

The average residential power bill for a customer of Cherokee County Electric is $187.3 per month. Consumers of the supplier pay 10.20% more compared to the rest of the state. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end customers. The power grid managed by the company experiences an average of 5.1 outages per customer a year, with outages lasting on average 664.95 minutes. The US average for other providers is 1.44 outages per consumer and 123.49 minutes each outage.