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. Electricity companies must regularly report their customer counts to government agencies. In the most recent report the provider listed 75,758 customers receiving their services. Around 0.04% of these customers are industrial accounts, 14.58% are commercial customers and 85.38% are residential properties. On average, Palmetto Electrictric Cooperative charges their patrons a residential electricity rate of 11.64 cents per kilowatt hour, which is 7.92% less than the average state rate of 12.64 cents. Approximately 1,510,043 megawatt hours were sold by the supplier to retail end users in 2019. The electricity sourced by the provider primarily came from megawatt hours that they acquired via wholesale channels. They purchased 1,555,274 wholesale megawatt hours. Their total revenue for 2019 from electricity related activities was $172,989,000, with $171,319,000 from retail sales to end users.

About Palmetto Electrictric Cooperative

Consumers of the company pay an average monthly residential electric bill of $147.12. This is 5.09% above the South Carolina average of $141.01. Electricity sales were responsible for an increase in CO2 pollution of 1.46% during the past year. The provider currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end users. Palmetto Electrictric Cooperative is the 9th (out of 84) highest polluting electricity provider in the state and 386th (out of 3511) highest in the US.

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 2.77% of the electricity that they generate via heat dissipation and other causes. The state of South Carolina has an energy loss average of 3.24% and the nationwide average is 2.72%, resulting in Palmetto Electrictric Cooperative receiving a rank of 41st worst out of 84 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.
1476th11.64¢Palmetto Electrictric Cooperative's Average residential price per kWh
2722nd$147.12Average 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.

-2.77%Light BulbIcon representing Light Bulb.

Total Energy Loss

43,027MWh

2195 National Rank

Palmetto Electrictric Cooperative Coverage Map

Coverage Map Placeholder

Palmetto Electrictric Cooperative State Coverage

StateArrow UpArrow pointing upwards.CustomersArrow UpArrow pointing upwards.Sales ($)Arrow UpArrow pointing upwards.State Rank Based On RevenueArrow UpArrow pointing upwards.% of Provider's Residential Sales in StateArrow UpArrow pointing upwards.
South Carolina75,758173,423,8109100%

Palmetto Electrictric Cooperative County Coverage

CountyArrow UpArrow pointing upwards.PopulationArrow UpArrow pointing upwards.ProvidersArrow UpArrow pointing upwards.Avg. County Rate (¢)Arrow UpArrow pointing upwards.Avg. Electric BillArrow UpArrow pointing upwards.
Allendale County8,688314.31$169.00/mo
Beaufort County192,122213.31$147.65/mo
Hampton County19,222313.15$150.14/mo
Jasper County30,073212.94$147.52/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.

Palmetto Electrictric Cooperative Reviews

Write a Review of Palmetto Electrictric Cooperative

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 (843) 726-5551

How much is the average bill for Palmetto Electrictric Cooperative customers each month?

Consumers of Palmetto Electrictric Cooperative pay, on average, a monthly bill of $147.12.

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 electricity rate for Palmetto Electrictric Cooperative customers?

Palmetto Electrictric Cooperatives current average electricity rate is 11.64 cents per kilowatt hour (¢/kWh), compared to the average state rate of 12.64 cents and the average US rate of 13.33 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: 2021-08-25