Palmetto Electrictric Cooperative

About Palmetto Electrictric Cooperative

Palmetto Electrictric Cooperative provides electricity for 4 cities in South Carolina including cities such as Hilton Head Island, Bluffton, Hardeeville, and Ridgeland. The entity is an electricity cooperative. The residential electricity price for consumers of Palmetto Electrictric Cooperative is, on average, 11.61 cents per kilowatt hour. Fortunately for their customers, this rate is below both the state and the nationwide average rates of 12.76 and 13.26 cents per kilowatt hour, respectively. In 2020 they sold 1,478,506 megawatt hours to end users (known as retail sales). The electricity sourced by the company is made up primarily of megawatt hours they acquired via wholesale channels. Of the electricity sourced by the company, whole purchased made up 100.00%. In 2020 the provider had total electricity related revenue of $169,866,000, with 98.98% from retail sales.

Consumers of the company pay an average monthly residential electric bill of $145.7. This is 4.81% above the South Carolina average of $140.03. The supplier currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates and then resell it to end customers.

Palmetto Electrictric Cooperative Net Metering

Net metering services are accessible to customers of Palmetto Electrictric Cooperative. Net metering allows citizens to sell megawatt hours back to the grid, making the purchase of solar panels and other alternative electricity sources a cheaper project.

Energy Loss

Palmetto Electrictric Cooperative currently suffers from the loss of around 4.29% of the electricity that they generate via heat dissipation and other causes. The state of South Carolina has an energy loss average of 2.76% and the nationwide average is 2.76%, resulting in Palmetto Electrictric Cooperative receiving 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 Electric Rates:

Price Per kWHAverage Bill$0.130/kWh$0.101/kWh$201.62/mo.$102.82/mo.
1318th11.61¢Palmetto Electrictric Cooperative's Average residential price per kWh
2540th$145.7Average monthly electric 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

Energy provider of the year for South Carolina, Major Provider Category
Top 3 Lowest Residential Electricity Rate
South Carolina, Major Provider Category
Claim Award

Energy Loss

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

-4.29%

Total Energy Loss

66,317MWh

728 National Rank

Palmetto Electrictric Cooperative Coverage Map

Coverage Map Placeholder

Palmetto Electrictric Cooperative State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
South Carolina75,969172,786,4877100%

Palmetto Electrictric Cooperative County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Allendale County8,688314.51$165.42/mo
Beaufort County192,122213.47$146.45/mo
Hampton County19,222313.28$148.62/mo
Jasper County30,073213.06$146.28/mo

Cities Palmetto Electrictric Cooperative Has Coverage

  • Bluffton, SC
  • Hardeeville, SC
  • Hilton Head Island, SC
  • Ridgeland, SC

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

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Palmetto Electrictric Cooperative FAQ:

Who is the CEO of Palmetto Electrictric Cooperative?

The current CEO of Palmetto Electrictric Cooperative is A. Berl Davis Jr..

What is the phone number for Palmetto Electrictric Cooperative?

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

How much 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 $145.70.

How many counties does Palmetto Electrictric Cooperative provider electricity in?

There are 4 counties that receive at least some electricity coverage by Palmetto Electrictric Cooperative including, South Carolina.

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

Palmetto Electrictric Cooperatives current average bundled electricity rate is 11.61 cents per kilowatt hour (¢/kWh), compared to the average state bundled rate of 12.76 cents and the average US rate of 13.26 cents.

What cities does Palmetto Electrictric Cooperative offer service in?

Palmetto Electrictric Cooperative serves 4 cities throughout the US.

Last Reviewed By: Alex Zdanov
Published: 2021-03-16Last Updated: 2022-01-05