Electricity Rates, Plans & Statistics
Spike in Electricity Bill?
Get Solar for as low as $0 down and $79/mo
About Gaffney Electric
Gaffney Electric provides electricity in Gaffney, South Carolina. Recently, the company reported a customer base of 7,568 accounts, 22 of which are industrial accounts, 1,334 are commercial customers and 6,212 are residential customers. Gaffney Electric averages 11.60 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 13.78 and 15.61 cents per kilowatt hour, respectively. In 2022 the company sold 309,291 megawatt hours via retail sales to end users. Electricity production and wholesale power purchases made up 0.13% and 99.87%, respectively, of the total electricity sourced. Power plants owned by the company generated 438 megawatt hours and an additional 337,053 megawatt hours were procured by way of wholesale channels. Their total revenue for 2022 was $28,798,000 and came only from electricity sales to retail customers.
The average monthly residential electricity bill for a consumer of Gaffney Electric is $112.09, while the state average is $139.26. Consumers of the provider pay 20.38% less compared to the rest of the state. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users. Customers of the supplier are faced with 0.87 electrical outages a year with outages lasting an average of 82.16 minutes.
Gaffney Electric offers net metering choices to consumers. Net metering makes solar panel purchases more economically viable as it allows consumers to sell electricity into the grid.
Losing electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity production business. Suppliers must report these losses. Gaffney Electric reported a yearly loss of approximately 4.08% of the electricity that they transmit. The state average for energy loss is 2.57% and the US average is 2.87%. This leaves Gaffney Electric with a ranking of 13th best out of 46 electricity suppliers in South Carolina and 646th best out of 3510 suppliers in the country.
Gaffney Electric Rate & Electric Bills
Gaffney Electric residential electric rates are highest in January and the highest average bill is in December.
Historical Electricity Rates:
Gaffney Electric Overview
- Company Type:Municipal
- Headquarters:210 East Frederick Street
Gaffney, South Carolina 29340
United States of America
- Director/Superintendent:Donnie L. Hardin
Gaffney Electric Contact
Go Solar for less than your cell phone bill.
Gaffney Electric's energy loss due to business operations.
Total Energy Loss
646 National Rank
Length & Frequency of Gaffney Electric's Power Outages
vs. national average of 137.24 min.
vs. national average of 1.27
Gaffney Electric Coverage Map
Gaffney Electric State Coverage
|State||Customers||Sales ($)||State Rank Based On Revenue||% of Provider's Residential Sales in State|
Gaffney Electric County Coverage
Gaffney Electric Reviews
Write a Review of Gaffney Electric
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 11.60 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 $112.09. The South Carolina average bundled bill is $139.26 and the US average is $139.26.
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 82.16 minutes per outage.
What is the phone number for Gaffney Electric?
You can reach Gaffney Electric by phone via (864) 488-8800.