Palmetto Electrictric Cooperative

Electricity Rates, Plans & Statistics

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About Palmetto Electrictric Cooperative

Palmetto Electrictric 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 76,753 customer accounts. Exactly 28 of these are industrial accounts, 11,041 are commercial customer accounts and 65,684 are residential customers. Palmetto Electrictric Cooperative's average residential electricity price per kilowatt hour is 11.48 cents per kilowatt hour. Fortunately for their consumers, this rate is lower than both the South Carolina and the United States average rates of 13.27 and 14.11 cents per kilowatt hour, respectively. A total of 1,478,506 megawatt hours were sold via retail sales in 2020 by the supplier. The electricity sourced consisted of megawatt hours purchased by way of the wholesale electricity market. They purchased 1,547,015 wholesale megawatt hours. The total revenue for the company in 2020 from electricity sales was $169,866,000, with 98.98% coming from retail sales to end users.

The average residential power bill for a customer of Palmetto Electrictric Cooperative is $139.87 per month, while the nationwide average is $125.95. Electricity production is not part of the Palmetto Electrictric Cooperative business plan, as they purchase power at wholesale rates from other companies and then resell to their end users.

Palmetto Electrictric Cooperative Net Metering

Customers of Palmetto Electrictric 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.

Energy Loss

Electricity companies regularly report energy lost through heat dissipation and other causes to government agencies who track electricity grid efficiencies. Palmetto Electrictric Cooperative recently reported a loss of 4.29% of their electricity production amount. The state of South Carolina has an energy loss average of 2.76% and the United States average is 2.76%, giving Palmetto Electrictric Cooperative a rank of 20th best out of 46 providers reporting energy loss in the state.

Palmetto Electrictric Cooperative Rate & Electric Bills

Palmetto Electrictric Cooperative residential electric rates are highest in January and the highest average bill is in September.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.130/kWh$0.101/kWh$201.62/mo.$98.30/mo.
1161st11.48¢Palmetto Electrictric Cooperative's Average residential price per kWh
2374th$139.87Average monthly electricity bill for Palmetto Electrictric Cooperative's residential customers

Palmetto Electrictric Cooperative Overview

  • Company Type:Cooperative
  • Headquarters:4063 Grays Highway
    Ridgeland, South Carolina 29936
    United States of America
  • CEO:A. Berl Davis Jr.

Palmetto Electrictric Cooperative Contact

Palmetto Electrictric Cooperative Service

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Energy Loss

Palmetto Electrictric Cooperative's energy loss due to business operations.

-4.29%

Total Energy Loss

66,317MWh

727 National Rank

Palmetto Electrictric Cooperative Coverage Map

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Palmetto Electrictric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Carolina76,753168,739,2347100%

Palmetto Electrictric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Beaufort County187,117215.00$161.98/mo
Hampton County18,561314.48$159.55/mo
Jasper County28,791214.37$158.09/mo

Cities Palmetto Electrictric Cooperative Has Coverage

* City coverage generated based on government data. Always verify you can get service from the provider.

Palmetto Electrictric Cooperative Reviews

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Palmetto Electrictric Cooperative FAQ:

What is the phone number for Palmetto Electrictric Cooperative?

Palmetto Electrictric Cooperative's customer service phone number is (800) 922-5551

Who is the CEO of Palmetto Electrictric Cooperative?

A. Berl Davis Jr. is the CEO of Palmetto Electrictric Cooperative.

What is the average bundled bill for Palmetto Electrictric Cooperative customers each month?

Consumers of Palmetto Electrictric Cooperative pay, on average, a monthly bundled bill of $139.87.

How many counties does Palmetto Electrictric Cooperative supply electricity in?

Palmetto Electrictric Cooperative provides electricity to customers in 3 counties in the nation including South Carolina.

What is the average bundled electricity rate for Palmetto Electrictric Cooperative customers?

The average bundled price of electricity for consumers of Palmetto Electrictric Cooperative is 11.48 cents per kilowatt hour (¢/kWh).

What cities does Palmetto Electrictric Cooperative supply electricity to?

Palmetto Electrictric Cooperative provides electricity to 4 cities throughout the nation including South Carolina.

Last Reviewed By: Alex Zdanov
Published: 2022-08-01