Pee Dee Electric Cooperative

About Pee Dee Electric Cooperative

Pee Dee Electric Cooperative operates in 4 cities and is considered an electricity cooperative. At the moment the company provides electricity to residential, commercial and industrial customer accounts, with a total of 28,478 residential customer accounts, 2,780 commercial customer accounts and 30 industrial accounts recently reported to be signed on for their services. Consumers of Pee Dee Electric Cooperative purchase electricity for, on average, 11.01 cents per kilowatt hour, which is 19.43% below the average state price of 13.66 cents. Of the 851,683 megawatt hours Pee Dee Electric Cooperative sold and dispossessed, 795,696 were from sales to end users. The electricity sourced by the company primarily came from megawatt hours that they acquired via wholesale channels. They purchased 851,683 megawatt hours on the wholesale market. In 2022, they made a total of $95,124,000 from business activities relating to the sale and transfer of electricity. They had revenue of $74,634,000 from retail sales to end users.

Consumers of the supplier pay an average residential electricity bill of $131.97. This is 0.55% less than the United States average of $132.69. The provider currently does not generate any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it at a higher rate to end customers.