Greenwood Electric Company

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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 14,245 customer accounts receiving service from the company. These customer accounts are made up of 79.28% residential customer accounts and 20.72% commercial customers. The average residential electricity rate for patrons of Greenwood Electric Company is about 8.37 cents per kilowatt hour. Fortunately for their customers, this rate is less than both the South Carolina and the United States average prices of 13.02 and 13.71 cents per kilowatt hour, respectively. There were a total of 287,042 megawatt hours sold to retail accounts in 2020 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 2020, the supplier made a total of $22,054,000 from business activities relating to the sale and transfer of electricity. They had 96.74% of their revenue coming from retail sales to end users.

The South Carolina average monthly residential electricity bill is $139.01, while the Greenwood Electric Company average is 57.42% less at $69.39 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.

Energy Loss

Providers regularly submit data for energy lost through heat dissipation and other causes to government agencies who track infrastructure efficiencies. Greenwood Electric Company recently reported a loss of 3.60% of their electricity generation amount. The South Carolina average for energy loss is 2.76% and the United States average is 2.76%. This gives Greenwood Electric Company a ranking of 13th best out of 46 suppliers in the state and 519th best out of 3509 companies in the United States.

Greenwood Electric Company Rate & Electric Bills

Greenwood Electric Company residential electric rates are highest in January and the highest average bill is in May.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.091/kWh$0.084/kWh$77.94/mo.$69.39/mo.
175th8.37¢Greenwood Electric Company's Average residential price per kWh
184th$69.39Average monthly electricity bill for Greenwood Electric Company's residential customers

Greenwood Electric Company Overview

  • Company Type:Municipal
  • Headquarters:121 West Court Avenue
    Greenwood, South Carolina 29646
    United States of America
  • Director/Superintendent:Arthur Bush

Greenwood Electric Company Contact

Greenwood Electric Company Service

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Energy provider of the year for South Carolina, Mid-Sized Provider Category
Lowest Average Residential Monthly Bill
South Carolina, Mid-Sized Provider Category
Claim Award
Energy provider of the year for South Carolina, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
South Carolina, Mid-Sized Provider Category
Claim Award
Energy provider of the year for South Carolina, Mid-Sized Provider Category
Lowest Residential Electricity Rate
South Carolina, Mid-Sized Provider Category
Claim Award

Energy Loss

Greenwood Electric Company's energy loss due to business operations.

-3.60%

Total Energy Loss

10,720MWh

519 National Rank

Greenwood Electric Company Coverage Map

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Greenwood Electric Company State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Carolina14,24521,335,00033100%

Greenwood Electric Company County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Greenwood County69,351311.19$118.35/mo

Greenwood Electric Company Reviews

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Greenwood Electric Company FAQ:

Who is the CEO of Greenwood Electric Company?

Greenwood Electric Company's CEO is Arthur Bush.

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

Greenwood Electric Company currently has an average monthly bundled electric bill of $69.39, compared to the South Carolina average of $139.01 and the nationwide of $139.01 for bundled service.

What is the phone number for Greenwood Electric Company?

The Greenwood Electric Company phone number is (864) 942-8100.

What is the average bundled electricity rate for Greenwood Electric Company customers?

Customers of Greenwood Electric Company, on average, have an electricity bundled rate 8.37 cents per kilowatt hour (¢/kWh).

Last Reviewed By: King Manalo
Published: 2022-08-09