Palmetto Electric Cooperative
Electricity Rates, Plans & Statistics
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About Palmetto Electric Cooperative
Palmetto Electric Cooperative provides electricity to 3 counties in South Carolina including counties like Beaufort County, Jasper County, and Hampton County. The company is an electricity cooperative. Palmetto Electric Cooperative's patrons are billed an average residential electricity rate of 13.26 cents per kilowatt hour, ranking the provider at 14th out of 48 suppliers in South Carolina and 1194th out of 2885 in the nation. They sold 1,488,021 megawatt hours in 2023 through retail sales. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 1,519,951 procured by the company. Their total revenue for 2023 from electricity related activities was $180,289,000, with 98.85% coming from retail sales to end users.
The average residential power bill for a customer of Palmetto Electric Cooperative is $169.57 per month, while the nationwide average is $143.38. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale prices from other providers and then resell it to end users. The power grid managed by the provider experiences 0.6 outages per consumer a year, with outages lasting an average of 35.28 minutes. The national average for other companies is 1.44 outages per customer and 123.49 minutes each outage.
Customers of Palmetto Electric Cooperative have the ability to take advantage of net metering. Net metering makes solar panel installation more economically viable as it allows people to sell electricity into the grid.
Electricity companies regularly report energy lost through heat dissipation and other causes to government agencies who track electricity grid efficiencies. Palmetto Electric Cooperative recently reported a loss of 1.97% of their electricity production amount. The state of South Carolina has an energy loss average of 2.44% and the United States average is 2.43%, giving Palmetto Electric Cooperative a rank of 10th best out of 44 providers reporting energy loss in the state.
Palmetto Electric Cooperative Rate & Electric Bills
Palmetto Electric Cooperative residential electric rates are highest in April and the highest average bill is in February.
Historical Electricity Rates:
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Palmetto Electric Cooperative Overview
- Company Type:Cooperative
- Headquarters:4063 Grays Highway
Ridgeland, South Carolina 29936
United States of America - CEO:A. Berl Davis Jr.
Palmetto Electric Cooperative Contact
- Website:www.palmetto.coop
- Customer Service Phone:(800) 922-5551
- Contact Page:www.palmetto.coop
- Social Media:
Palmetto Electric Cooperative Service
- Rates & Plans:www.palmetto.coop
- Outage Map:64.203.243.70:83
- Outage Phone:(866) 445-5551
- States Served:
- South Carolina
- Counties Served:
- Beaufort County
- Jasper County
- Hampton County
- Major Cities Served:
- Hilton Head Island
- Bluffton
- Hardeeville
- Ridgeland
- Daufuskie Island CDP
Energy Loss
Palmetto Electric Cooperative's energy loss due to business operations.
Total Energy Loss
29,916MWh
279 National Rank
Grid Reliability
Length & Frequency of Palmetto Electric Cooperative's Power Outages
35.28 min.
vs. national average of 123.49 min.
0.6 outages/yr
vs. national average of 1.44
Power Outages
Currently, 0 customers are being tracked in Palmetto Electric Cooperative.
Customers Out:
0
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Palmetto Electric Cooperative Coverage Map
Palmetto Electric Cooperative State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| South Carolina | 80,737 | 206,366,146 | 7 | 100% |
Palmetto Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Beaufort County | 196,371 | 2 | 14.96 | $162.45/mo |
| Hampton County | 19,227 | 3 | 14.74 | $164.50/mo |
| Jasper County | 28,363 | 2 | 14.63 | $162.83/mo |
Cities Palmetto Electric Cooperative Has Coverage
* City coverage generated based on government data. Always verify you can get service from the provider.
Palmetto Electric Cooperative Reviews
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Palmetto Electric Cooperative FAQ:
When will Palmetto Electric Cooperative power be restored?
The average number of minutes for an outage for Palmetto Electric Cooperative's consumers is 35.281 minutes.
How much is the average bundled bill for Palmetto Electric Cooperative customers each month?
Customers of Palmetto Electric Cooperative pay, on average, a monthly bundled bill of $169.57.
What is the average bundled electricity rate for Palmetto Electric Cooperative customers?
Palmetto Electric Cooperative's current average bundled electricity rate is 13.26 cents per kilowatt hour (¢/kWh), compared to the average South Carolina bundled rate of 14.34 cents and the average US rate of 16.22 cents.
Who is the CEO of Palmetto Electric Cooperative?
Palmetto Electric Cooperative's current CEO is A. Berl Davis Jr..
How many counties does Palmetto Electric Cooperative provider electricity to?
There are 3 counties that receive at least some electricity coverage by Palmetto Electric Cooperative including South Carolina.
What is the phone number for Palmetto Electric Cooperative?
You can reach Palmetto Electric Cooperative by phone via (800) 922-5551.
What cities does Palmetto Electric Cooperative offer service to?
Palmetto Electric Cooperative supplies in 4 cities.
