Tri-County Electric Cooperative

About Tri-County Electric Cooperative

Tri-County Electric Cooperative is an electric cooperative. The largest county served by Tri-County Electric Cooperative is Richland County, but the company also provides electricity in 4 counties in South Carolina. At the time of the most recent government reports, the company listed a total of 18,812 electricity customers. This total is made up of 95.70% residential customer accounts, 2.87% commercial customer accounts and 1.42% industrial customers. On average, Tri-County Electric Cooperative bills their consumers a residential electricity price of 17.56 cents per kilowatt hour. Sadly, this is 22.48% higher than the state's average price of 14.34 cents. In 2023 they had retail sales of 289,400 megawatt hours. Wholesale power purchases made up 100.00% of all electricity sourced . Exactly 304,129 megawatt hours were purchased by way of the wholesale market. In 2023, they made a total of $52,353,000 from business activities relating to the sale and transfer of electricity. They had 89.80% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $143.38, while the Tri-County Electric Cooperative average is 39.87% higher at $200.54 per month. Tri-County Electric Cooperative is the 2705th ranked company in the United States for average monthly bill total. The electricity grid owned by the provider experiences 2.43 outages per customer per year, with outages lasting an average of 196.87 minutes. The US average for other providers is 1.44 outages per customer and 123.49 minutes each outage. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates from other companies and then resell to their consumers.