Gaffney Electric
Electricity Rates, Plans & Statistics
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About Gaffney Electric
Gaffney Electric provides electricity in Gaffney, South Carolina. Gaffney Electric's customers are billed an average residential electricity price of 12.09 cents per kilowatt hour, which is 11.62% lower than the state's average price of 13.68 cents and 23.26% less than the nationwide average of 15.76 cents. They sold 309,291 megawatt hours through retail sales in 2022. Electricity production and wholesale power purchases made up 0.13% and 99.87%, respectively, of all electricity sourced. Power facilities the company owns produced 438 megawatt hours and an additional 337,053 megawatt hours were acquired via wholesale channels. In 2022, the provider earned a total of $28,798,000 from retail electricity sales to end users.
The average monthly residential electricity bill for a consumer of Gaffney Electric is $112.9, while the state average is $141.05. Consumers of the provider pay 20.80% less compared to the rest of the state. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it at a higher rate to end users. Customers of the supplier are faced with 0.87 electrical outages a year with outages lasting an average of 82.16 minutes.
Gaffney Electric offers net metering choices to consumers. Net metering makes solar panel purchases more economically viable as it allows consumers to sell electricity into the grid.
Losing electricity from heat dissipation during electricity transmission and other causes is part of being in the electricity production business. Suppliers must report these losses. Gaffney Electric reported a yearly loss of approximately 4.08% of the electricity that they transmit. The state average for energy loss is 2.57% and the US average is 2.87%. This leaves Gaffney Electric with a ranking of 13th best out of 46 electricity suppliers in South Carolina and 645th best out of 3526 suppliers in the country.
Gaffney Electric Rate & Electric Bills
Gaffney Electric residential electric rates are highest in September and the highest average bill is in July.
Historical Electricity Rates:
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Gaffney Electric Overview
- Company Type:Municipal
- Headquarters:210 East Frederick Street
Gaffney, South Carolina 29340
United States of America - Director/Superintendent:Donnie L. Hardin
Gaffney Electric Contact
- Website:www.gbpw.com
- Customer Service Phone:(864) 488-8800
- Contact Page:www.gbpw.com
Gaffney Electric Service
- Outage Map:www.gbpw.com
- States Served:
- South Carolina
- Counties Served:
- Cherokee County
- Major Cities Served:
Energy Loss
Gaffney Electric's energy loss due to business operations.
Total Energy Loss
13,754MWh
645 National Rank
Grid Reliability
Length & Frequency of Gaffney Electric's Power Outages
82.16 min.
vs. national average of 137.24 min.
0.87 outages/yr
vs. national average of 1.27
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Gaffney Electric Coverage Map
Gaffney Electric State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| South Carolina | 7,536 | 28,739,475.19 | 31 | 100% |
Gaffney Electric County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Cherokee County | 56,204 | 5 | 13.68 | $142.01/mo |
Gaffney Electric Reviews
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Gaffney Electric FAQ:
What is the average bundled electricity rate for Gaffney Electric customers?
The average bundled price of electricity for consumers of Gaffney Electric is 12.09 cents per kilowatt hour (¢/kWh).
What is the average bundled bill for Gaffney Electric customers each month?
The average monthly bundled electric bill for customers of Gaffney Electric is $112.90. The South Carolina average bundled bill is $141.05 and the US average is $141.05.
Who is the CEO of Gaffney Electric?
Gaffney Electric's current CEO is Donnie L. Hardin.
When will Gaffney Electric power be restored?
Average outage times for Gaffney Electric are about 82.16 minutes per outage.
What is the phone number for Gaffney Electric?
You can reach Gaffney Electric by phone via (864) 488-8800.
