Laurens Electric Cooperative

About Laurens Electric Cooperative

Laurens Electric Cooperative has their head offices in Laurens, South Carolina and supplies electricity in 6 cities within the state. Presently, 63,176 consumers receive their electricity from the supplier. These customers are a mix of 57,224 residential accounts, 5,902 commercial customers and 50 industrial customers. Laurens Electric Cooperative averages 15.46 cents per kilowatt hour charged to their patrons for residential electricity, which is 1.80% below the average national rate of 15.74 cents. In 2022 they sold 94.46% of their megawatt hours by way of normal retail sales to end users. The electricity sourced by the company is made up primarily of megawatt hours they procured on wholesale channels. This category makes up 100.00% of all electricity sourced. Their revenue for 2022 from electricity activities was $147,432,000, with $143,968,000 coming from retail sales to end users.

The state average monthly residential electricity bill is $145.49, while the Laurens Electric Cooperative average is 18.45% higher at $170.69 per month. Laurens Electric Cooperative is the 34th ranked company in the state for average monthly bill amount. The grid operated by the company has 1.07 outages per consumer per year, with outages lasting roughly 96.29 minutes. The US average for other companies is 1.45 outages per customer and 171.11 minutes each outage. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end consumers.