Horry Electric Cooperative

Electricity Rates, Plans & Statistics

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About Horry Electric Cooperative

Horry Electric Cooperative is an electric cooperative headquartered in Conway, South Carolina and serving customers in South Carolina. The supplier has 11 industrial customers, 73,288 residential accounts and 11,208 commercial customers in their service area. Horry Electric Cooperative has an average residential electricity rate of 13.78 cents per kilowatt hour, which is 5.82% more than the average South Carolina price of 13.02 cents and 0.50% more than the nationwide average of 13.71. In 2020 the company sold 1,206,314 megawatt hours via retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 1,255,593 megawatt hours procured by the company. Their revenue for 2020 from electricity related activities was $170,796,000, with 96.06% coming from retail sales to end users.

The average residential electric bill for a customer of Horry Electric Cooperative is $152.17 per month, while the national average is $121.23. The provider currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other companies and then resell it at a higher rate to end users.

Horry Electric Cooperative Net Metering

Horry Electric Cooperative offers net metering options to their customers. Without net metering, solar panel installation is significantly less economically realistic, as citizens have no way to sell unused energy back into the infrastructure system.

Energy Loss

Horry Electric Cooperative has energy loss of 3.77% of their total generation during transmission. The state average for energy loss is 2.76% and the nationwide average is 2.76%. This results in Horry Electric Cooperative receiving a ranking of 15th best out of 46 providers in the state and 570th best out of 3509 providers in the nation.

Horry Electric Cooperative Rate & Electric Bills

Horry Electric Cooperative residential electric rates are highest in January and the highest average bill is in January.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.142/kWh$0.128/kWh$157.67/mo.$152.17/mo.
2209th13.78¢Horry Electric Cooperative's Average residential price per kWh
2628th$152.17Average monthly electricity bill for Horry Electric Cooperative's residential customers

Horry Electric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:2774 Cultra Road
    Conway, South Carolina 29526
    United States of America
  • CEO:Daniel B. Shelley, III

Horry Electric Cooperative Contact

Horry Electric Cooperative Service

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Energy Loss

Horry Electric Cooperative's energy loss due to business operations.

-3.77%

Total Energy Loss

47,327MWh

570 National Rank

Horry Electric Cooperative Coverage Map

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Horry Electric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Carolina84,507164,067,0008100%

Horry Electric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Horry County351,029312.14$134.75/mo

Cities Horry Electric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

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Horry Electric Cooperative FAQ:

What cities does Horry Electric Cooperative have customers in to?

Horry Electric Cooperative has customers in 5 cities.

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

Currently, the average monthly bundled electric bill for customers of Horry Electric Cooperative is $152.17. The South Carolina average bundled bill is $139.01 and the nationwide average is $139.01.

Who is the CEO of Horry Electric Cooperative?

Daniel B. Shelley, III is the current CEO of Horry Electric Cooperative.

What is the phone number for Horry Electric Cooperative?

Horry Electric Cooperative's customer service phone number is (843) 369-2211

What is the average bundled electricity rate for Horry Electric Cooperative customers?

Consumers of Horry Electric Cooperative, on average, have an electricity bundled rate 13.78 cents per kilowatt hour (¢/kWh).

Last Reviewed By: Nick Reese
Published: 2022-08-01