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. Recently filed reports by the company showed a customer base of 78,697 customer accounts. Exactly 26 of these are industrial accounts, 11,434 are commercial customer accounts and 67,237 are residential customers. Palmetto Electric Cooperative's average residential electricity price per kilowatt hour is 12.33 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the South Carolina and the United States average rates of 13.66 and 15.64 cents per kilowatt hour, respectively. A total of 1,493,151 megawatt hours were sold via retail sales in 2022 by the supplier. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 1,572,574 wholesale megawatt hours. The total revenue for the company in 2022 from electricity sales was $178,806,000, with 96.97% coming from retail sales to end users.
The average residential power bill for a customer of Palmetto Electric Cooperative is $141.7 per month, while the nationwide average is $132.69. Electricity production is not part of the Palmetto Electric Cooperative business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.
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 4.92% of their electricity production amount. The state of South Carolina has an energy loss average of 2.57% and the United States average is 2.87%, giving Palmetto Electric Cooperative a rank of 21st best out of 46 providers reporting energy loss in the state.
Palmetto Electric Cooperative Rate & Electric Bills
Palmetto Electric Cooperative residential electric rates are highest in January and the highest average bill is in September.
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
- Table Of Contents:
Energy Loss
Palmetto Electric Cooperative's energy loss due to business operations.
Total Energy Loss
77,330MWh
856 National Rank
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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 | 78,697 | 176,653,830 | 7 | 100% |
Palmetto Electric Cooperative County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Beaufort County | 196,371 | 2 | 13.98 | $144.09/mo |
| Hampton County | 19,227 | 3 | 13.78 | $145.44/mo |
| Jasper County | 28,363 | 2 | 13.67 | $143.67/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:
What is the phone number for Palmetto Electric Cooperative?
Palmetto Electric Cooperative's customer service phone number is (800) 922-5551
Who is the CEO of Palmetto Electric Cooperative?
A. Berl Davis Jr. is the CEO of Palmetto Electric Cooperative.
What is the average bundled bill for Palmetto Electric Cooperative customers each month?
Consumers of Palmetto Electric Cooperative pay, on average, a monthly bundled bill of $141.70.
How many counties does Palmetto Electric Cooperative supply electricity in?
Palmetto Electric Cooperative provides electricity to customers in 3 counties in the nation including South Carolina.
What is the average bundled electricity rate for Palmetto Electric Cooperative customers?
The average bundled price of electricity for consumers of Palmetto Electric Cooperative is 12.33 cents per kilowatt hour (¢/kWh).
What cities does Palmetto Electric Cooperative supply electricity to?
Palmetto Electric Cooperative provides electricity to 4 cities throughout the nation including South Carolina.
