Greenwood Electric Company

About Greenwood Electric Company

Greenwood Electric Company is headquartered in Greenwood, South Carolina and it provides electricity in the residents that call the city home. There are a total of 14,956 customer accounts receiving service from the company. These customer accounts are made up of 79.65% residential customer accounts and 20.35% commercial customers. The average residential electricity rate for patrons of Greenwood Electric Company is about 10.15 cents per kilowatt hour. Fortunately for their customers, this rate is less than both the South Carolina and the United States average prices of 14.21 and 16.15 cents per kilowatt hour, respectively. There were a total of 279,617 megawatt hours sold to retail accounts in 2023 by the company. The electricity sourced by Greenwood Electric Company is made up primarily of megawatt hours they purchased via wholesale channels. Of the total electricity sourced by the company, whole purchased made up 100.00%. In 2023, the supplier made a total of $25,521,000 from business activities relating to the sale and transfer of electricity. They had 95.58% of their revenue coming from retail sales to end users.

The South Carolina average monthly residential electricity bill is $151.21, while the Greenwood Electric Company average is 47.30% less at $83.87 per month. This is the lowest average monthly bill amount for a supplier in South Carolina. Electricity production is not part of the Greenwood Electric Company business plan, as they purchase electricity at wholesale rates to then be resold to their end users.