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, 83,813 residential accounts and 12,963 commercial customers in their service area. Horry Electric Cooperative has an average residential electricity rate of 13.12 cents per kilowatt hour, which is 8.47% less than the average South Carolina price of 14.34 cents and 19.10% less than the nationwide average of 16.22. In 2023 the company sold 1,299,120 megawatt hours via retail sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 1,349,709 megawatt hours procured by the company. Their revenue for 2023 from electricity related activities was $171,505,000, with 98.60% coming from retail sales to end users.
The average residential electric bill for a customer of Horry Electric Cooperative is $149.5 per month, while the national average is $143.38. The power grid operated by the supplier has 1.23 outages per consumer a year, with outages lasting roughly 99.4 minutes. The national average for other providers is 1.44 outages per customer and 123.49 minutes each outage. Electricity production is not part of the Horry Electric Cooperative business plan, as they purchase electricity at wholesale rates from other suppliers to then be resold to their customers.
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.
Horry Electric Cooperative has energy loss of 3.63% of their total generation during transmission. The state average for energy loss is 2.44% and the nationwide average is 2.43%. This results in Horry Electric Cooperative receiving a ranking of 20th best out of 44 providers in the state and 711th best out of 3530 providers in the nation.
Horry Electric Cooperative Rate & Electric Bills
Horry Electric Cooperative residential electric rates are highest in June and the highest average bill is in August.
Historical Electricity Rates:
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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
- Website:www.horryelectric.com
- Customer Service Phone:(843) 369-2211
- Contact Page:www.horryelectric.com
- Social Media:
Horry Electric Cooperative Service
- Outage Map:outages.horryelectric.com
- Outage Phone:(843) 369-2212
- States Served:
- South Carolina
- Counties Served:
- Horry County
- Major Cities Served:
- Myrtle Beach
- Socastee CDP
- Carolina Forest CDP
- Conway
- North Myrtle Beach
- Red Hill CDP
- Little River CDP
- Murrells Inlet CDP
- Forestbrook CDP
- Loris
Energy Loss
Horry Electric Cooperative's energy loss due to business operations.
Total Energy Loss
48,961MWh
711 National Rank
Grid Reliability
Length & Frequency of Horry Electric Cooperative's Power Outages
99.4 min.
vs. national average of 123.49 min.
1.23 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Horry Electric Cooperative.
Customers Out:
0
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Horry Electric Cooperative Coverage Map
Horry Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| South Carolina | 96,930 | 183,581,590.08 | 8 | 100% |
Horry Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Horry County | 383,101 | 3 | 12.93 | $139.97/mo |
Cities Horry Electric Cooperative Has Coverage
- Aynor, SC
- Conway, SC
- Loris, SC
- Myrtle Beach, SC
- North Myrtle Beach, SC
* City coverage generated based on government data. Always verify you can get service from the provider.
Horry Electric Cooperative Reviews
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Horry Electric Cooperative FAQ:
What is the phone number for Horry Electric Cooperative?
The Horry Electric Cooperative phone number is (843) 369-2211.
What is the average bundled electricity rate for Horry Electric Cooperative customers?
Horry Electric Cooperative's current average bundled electricity rate is 13.12 cents per kilowatt hour (¢/kWh), compared to the average South Carolina bundled rate of 14.34 cents and the average nationwide rate of 16.22 cents.
Who is the CEO of Horry Electric Cooperative?
The current CEO of Horry Electric Cooperative is Daniel B. Shelley, III.
How much is the average bundled bill for Horry Electric Cooperative customers each month?
Horry Electric Cooperative currently has an average monthly bundled electric bill of $149.50, compared to the South Carolina average of $153.10 and the nationwide of $153.10 for bundled service.
When will Horry Electric Cooperative power be restored?
Average outage times for Horry Electric Cooperative are around 99.399 minutes per outage.
What cities does Horry Electric Cooperative supply electricity to?
Horry Electric Cooperative serves 5 cities.
