Gaffney Electric

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About Gaffney Electric

Gaffney Electric provides electricity in Gaffney, South Carolina. Recently, the company reported a customer base of 6,722 accounts, 20 of which are industrial accounts, 1,148 are commercial customers and 5,554 are residential customers. Gaffney Electric averages 11.18 cents per kilowatt hour billed to their customers for residential electricity. Thankfully for their customers, this rate is below both the South Carolina and the nationwide average prices of 13.02 and 13.71 cents per kilowatt hour, respectively. In 2020 the company sold 215,155 megawatt hours via retail sales to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company and 232,449 megawatt hours were procured on wholesale channels. They made $22,929,000 in 2020, all of which came from sales to retail customers.

The average monthly residential electricity bill for a consumer of Gaffney Electric is $120.77, while the state average is $139.01. Consumers of the provider pay 15.05% less compared to the rest of the state. The company 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. Customers of the supplier are faced with 0.74 electrical outages a year with outages lasting an average of 32.14 minutes.

Gaffney Electric Net Metering

Gaffney Electric offers net metering choices to consumers. Net metering makes solar panel purchases more economically viable as it allows consumers to sell electricity into the grid.

Energy Loss

Losing electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity production business. Suppliers must report these losses. Gaffney Electric reported a yearly loss of approximately 1.46% of the electricity that they transmit. The state average for energy loss is 2.76% and the US average is 2.76%. This leaves Gaffney Electric with a ranking of 3rd best out of 46 electricity suppliers in South Carolina and 121st best out of 3509 suppliers in the country.

Gaffney Electric Rate & Electric Bills

Gaffney Electric residential electric rates are highest in January and the highest average bill is in December.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.112/kWh$0.110/kWh$120.77/mo.$105.96/mo.
1015th11.18¢Gaffney Electric's Average residential price per kWh
1857th$120.77Average monthly electricity bill for Gaffney Electric's residential customers

Gaffney Electric Overview

  • Company Type:Municipal
  • Headquarters:210 East Frederick Street
    Gaffney, South Carolina 29340
    United States of America
  • Director/Superintendent:Donnie L. Hardin

Gaffney Electric Contact

Gaffney Electric Service

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Energy provider of the year for South Carolina, Mid-Sized Provider Category
Top 3 Least Outages Per Year
South Carolina, Mid-Sized Provider Category
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Energy provider of the year for South Carolina, Mid-Sized Provider Category
Top 3 Lowest Residential Electricity Rate
South Carolina, Mid-Sized Provider Category
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Energy provider of the year for South Carolina, Mid-Sized Provider Category
Lowest Energy Loss
South Carolina, Mid-Sized Provider Category
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Energy Loss

Gaffney Electric's energy loss due to business operations.

-1.46%

Total Energy Loss

3,391MWh

121 National Rank

Grid Reliability

Length & Frequency of Gaffney Electric's Power Outages

32.14 min.

vs. national average of 122.99 min.

0.74 outages/yr

vs. national average of 1.21

Gaffney Electric Coverage Map

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Gaffney Electric State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Carolina6,72222,929,00031100%

Gaffney Electric County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Cherokee County56,216512.32$131.11/mo

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Gaffney Electric FAQ:

What is the average bundled electricity rate for Gaffney Electric customers?

The average bundled price of electricity for consumers of Gaffney Electric is 11.18 cents per kilowatt hour (¢/kWh).

What is the average bundled bill for Gaffney Electric customers each month?

The average monthly bundled electric bill for customers of Gaffney Electric is $120.77. The South Carolina average bundled bill is $139.01 and the US average is $139.01.

Who is the CEO of Gaffney Electric?

Gaffney Electric's current CEO is Donnie L. Hardin.

When will Gaffney Electric power be restored?

Average outage times for Gaffney Electric are about 32.14 minutes per outage.

What is the phone number for Gaffney Electric?

You can reach Gaffney Electric by phone via (864) 488-8800.

Last Reviewed By: Alex Zdanov
Published: 2022-08-01