Aiken Electric Cooperative
- Company typePrivate
- Founded1963
- HeadquartersAiken, United States
- Headcount—
- GTM typeB2C
- OfferingServices
Aiken Electric Cooperative firmographics
Firmographics- Name
- Aiken Electric Cooperative
- Legal name
- Aiken Electric Cooperative, Inc.
- Website
- https://aikenco-op.org
- Company type
- Private
- Founded year
- 1963
- Operating status
- Operating
- Ownership category
- akta.pro rank
Aiken Electric Cooperative industry classification
Industry- Product category
- Rural Electric Utility Distribution
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Electric Cooperatives (Rural/Member-Owned Utilities) (EUADABAC)
- akta.pro secondary industries
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF), Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE)
Keywords
Where Aiken Electric Cooperative is headquartered
LocationHeadquarters
- HQ city
- Aiken
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Aiken Electric Cooperative business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Revenue model
- Electric Distribution Service: Core electricity distribution service to residential, commercial, and agricultural members across nine South Carolina counties. Revenue generated through monthly usage-based billing under multiple rate schedules (Single Phase, Three Phase, Large Power, Outdoor Lighting, etc.). Member-owned nonprofit structure means revenues are returned as capital credits.
- CarolinaConnect Internet & Mobile: Fiber internet and mobile phone services offered through CarolinaConnect partnership. Fiber internet offers free installation, first month free, no contracts. Mobile plans at $40/month unlimited. Revenue shared with partner or retained as wholesale provider.
- Community Room Rentals: Rental income from Aiken Community Room ($350-550/day) and New Ellenton Community Room ($150-250/day) with additional commercial user fees.
- Youth Program Sponsorships: Scholarship programs including $2,000 Trustee Scholarship and two $1,000 Touchstone Energy awards; Washington Youth Tour and Cooperative Youth Summit sponsorships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential Electric Service - Rate Schedule A |
| Subscription | Monthly | Commercial Electric Service - Rate Schedules B, LP, ISD, IST-2 |
| Subscription | Monthly | CarolinaConnect Mobile Unlimited Plan |
| Usage-based | Monthly | Outdoor Lighting Service - Rate Schedules E, F, DL, LDL |
| Unit Pricing | Pay-as-you-go | Aiken Community Room Rental |
| Unit Pricing | Pay-as-you-go | New Ellenton Community Room Rental |
| Subscription | Monthly | Senior-U-Select Payment Plan |
| Subscription | Monthly | Go Green Save Green E-Billing + Bank Draft |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
Aiken Electric Cooperative product offering
Product offeringCore offering
Aiken Electric Cooperative is a member-owned, not-for-profit electric cooperative that distributes electricity to over 52,500 residential, commercial, and agricultural members across nine counties in South Carolina. It also offers fiber internet and mobile phone services through its CarolinaConnect sub-brand partnership, along with renewable energy programs and energy efficiency services.
Product overview
Aiken Electric Cooperative operates as a member-owned, nonprofit electric utility serving over 52,500 customers across nine South Carolina counties. The cooperative offers a bundled portfolio of products and services centered on reliable electricity distribution. Core offerings include residential and commercial electric service, with optional add-on programs such as prepay billing (Advance Pay), outdoor lighting, and EV services. The cooperative has expanded into telecommunications through its CarolinaConnect sub-brand (fiber internet and mobile phone services). Energy management offerings include residential and community solar programs, smart thermostat incentives (Ecobee), the H2O Select PLUS2 water heater program, and demand-response through the Beat the Peak program. Additional member benefits include Go Green Save Green e-billing rewards, Operation Round Up charitable giving, Co-op Connections discount card, youth scholarships, and community room rentals. The cooperative partners with Touchstone Energy Cooperatives for branding and best practices.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Electric Service Monthly usage-based electric distribution service for residential members across nine South Carolina counties, with billing, outage reporting, and account management via the online portal.
- Commercial Electric Service Three-phase electric service for commercial and business members, with multiple rate schedules (B, LP, ISD, IST-2) and security lighting options.
- CarolinaConnect Fiber Internet High-speed fiber optic internet service delivered to cooperative members in South Carolina as part of a digital divide initiative.
- CarolinaConnect Mobile Mobile phone service launched in partnership with CarolinaConnect, providing unlimited talk, text, and data plans to members in rural South Carolina.
- Outdoor Lighting Service Security, municipal street, and decorative outdoor lighting service with monthly rental charges that include electricity, available to members and municipalities.
- Advance Pay (Prepay Service) Prepay electricity plan allowing members to maintain a positive balance by making payments as needed, with no deposit required.
- Community Solar Subscription-based community solar program at 301 Gateway Dr, Aiken, SC, allowing members to support renewable energy without installing rooftop panels, with live production monitoring available.
- Residential Solar Program Program for residential members to install on-site solar photovoltaic systems, with cooperative guidance and application support.
- Electric Vehicle Services Electric vehicle charging infrastructure and support services for EV-owning members in the service area.
- Aiken Community Room Rental Event space rental at the cooperative's headquarters (2790 Wagener Rd, Aiken, SC), available to members and the community for $350-550/day based on day of week.
- New Ellenton Community Room Rental Event space rental at the New Ellenton branch office, available at $150-250/day with refundable damage deposit.
- CarolinaConnect Fiber Internet Service Launch Advanced Metering Infrastructure upgrade across the cooperative's distribution network, completed for residential meters with commercial meter upgrades in progress.
Quantifiable outcome
- Smart Thermostat Program offers $50 rebate and free Ecobee thermostat with installation; $40 router assistance available
- +3 more outcomes
Companies that use Aiken Electric Cooperative
Customer profileSegments4 records
Ideal customer profiles3 records
Aiken Electric Cooperative technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Aiken Electric Cooperative partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- CarolinaConnectcoreStrategic partnership providing fiber internet and mobile phone services to Aiken Electric members. CarolinaConnect Mobile launched May 2024 offering $40/month unlimited plans. Fiber internet offers free installation and first month free. Partnership aims to bridge the digital divide in rural South Carolina, ensuring reliable internet and affordable mobile services for cooperative members. Customer support based in the United States.
Scale indicators5 records
Recent moves5 records
Expansion highlights6 records
Aiken Electric Cooperative competitors and assessment
Company assessmentRegional players
- Central Electric Power Cooperative: The generation and transmission cooperative supplying wholesale power to multiple South Carolina distribution cooperatives including Aiken-area systems; relevant peer given AEC's reliance on wholesale supply arrangements and G&T cooperative economics.
Direct peers
- Palmetto Electric Cooperative: A South Carolina member-owned electric cooperative serving the Lowcountry and Hilton Head region, providing comparable residential and commercial electric distribution plus broadband and renewable programs for a similar member profile.
- Edisto Electric Cooperative: A South Carolina member-owned electric cooperative serving Bamberg, Calhoun, Orangeburg and surrounding counties with a directly analogous service model, rate classes, and demand-side management programs.
- Mid-Carolina Electric Cooperative: Another Touchstone Energy cooperative based in South Carolina, serving a comparable member base across a multi-county rural service territory with similar cooperative governance, billing models, and AMI modernization programs.
- Little River Electric Cooperative: A South Carolina distribution electric cooperative providing comparable services to a similar rural member base, making it directly comparable for AMI, broadband, and renewable program benchmarking.
- Blue Ridge Electric Cooperative: A fellow South Carolina Touchstone Energy electric cooperative serving members in the Upstate region, operating the same member-owned distribution model with similar rate structures, AMI rollouts, and broadband expansion initiatives.
- Horry Electric Cooperative: A South Carolina electric cooperative serving Horry, Marion, Dillon, and Florence counties; comparable in member-owned cooperative structure, AMI investment, and recent fiber/broadband expansion into rural service areas.
- Santee Electric Cooperative: A South Carolina electric cooperative serving members in the northeastern part of the state, comparable in size, member-owned governance, and rural service footprint, with overlapping renewable and energy-efficiency program offerings.
- Broad River Electric Cooperative: A South Carolina Touchstone Energy member cooperative operating under nearly identical rural electric distribution regulations and member-engagement programs, serving a multi-county territory with comparable AMI and broadband initiatives.
Broad incumbents
- Duke Energy Carolinas: The incumbent investor-owned utility operating across South Carolina and North Carolina; broad incumbent that competes with AEC where service territories adjoin, particularly for large commercial customers and broadband customers in the I-20/Aiken corridor.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights5 records
Customer concentration
Aiken Electric Cooperative social profiles
Digital presenceAiken Electric Cooperative financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aiken Electric Cooperative leadership team
Management profileNumber of profiles
Profiles11 records
Aiken Electric Cooperative subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aiken Electric Cooperative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aiken Electric Cooperative M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aiken Electric Cooperative
What does Aiken Electric Cooperative do?
Aiken Electric Cooperative is a member-owned, not-for-profit electric cooperative that distributes electricity to over 52,500 residential, commercial, and agricultural members across nine counties in South Carolina. It also offers fiber internet and mobile phone services through its CarolinaConnect sub-brand partnership, along with renewable energy programs and energy efficiency services.
Is Aiken Electric Cooperative a public or private company?
Aiken Electric Cooperative is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Aiken Electric Cooperative founded?
Aiken Electric Cooperative was founded in 1963.
Where is Aiken Electric Cooperative based?
Aiken Electric Cooperative is headquartered in Aiken, United States, in the North America region.
How does Aiken Electric Cooperative make money?
Four revenue lines are on record. Electric Distribution Service is the primary driver. The others are carolinaConnect Internet & Mobile, community Room Rentals and youth Program Sponsorships.
Who are Aiken Electric Cooperative's main competitors?
Central Electric Power Cooperative is listed as a regional player. Direct peers are Palmetto Electric Cooperative, Edisto Electric Cooperative, Mid-Carolina Electric Cooperative, Little River Electric Cooperative, Blue Ridge Electric Cooperative, Horry Electric Cooperative, Santee Electric Cooperative and Broad River Electric Cooperative. Duke Energy Carolinas is listed as a broad incumbent.
Does Aiken Electric Cooperative have an API?
No public API is recorded for Aiken Electric Cooperative.
What industry is Aiken Electric Cooperative in?
Aiken Electric Cooperative's product category is Rural Electric Utility Distribution. Its primary akta.pro industry code is EUADABAC, Electric Cooperatives (Rural/Member-Owned Utilities), with a secondary code of FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 2211 and its SIC code is 4911.