Planters Electric Membership Corporation

About Planters Electric Membership Corporation

Planters Electric Membership Corporation is an electric cooperative located in Millen, Georgia and serving customers in 9 cities in Georgia such as the cities of Waynesboro, Millen, Sylvania, Guyton, and Sardis. The most recent data reported by the company showed a customer base of 17,892 accounts, 701 of which are industrial accounts, 1,039 are commercial accounts and 16,152 are residential accounts. Planters Electric Membership Corporation's average residential electricity rate per kilowatt hour is 13.50 cents per kilowatt hour, which is 2.27% less than Georgia's average rate of 13.81 cents and 13.66% less than the national average of 15.64 cents. Of the 306,251 megawatt hours Planters Electric Membership Corporation sold and dispossessed, 287,198 were via sales to end users. The electricity sourced by the company is made up of primarily wholesale purchased megawatt hours, with 306,251 acquired by the company. In 2022, the company made a total of $40,267,000 from business activities relating to the sale and transfer of electricity. They had 94.76% of their revenue coming from retail sales to end users.

Customers of the provider pay an average monthly residential electricity bill of $157.31. This is 12.83% above the state average bill of $140.29. The company currently does not produce their own electricity. Instead, they must purchase that electricity at wholesale rates from other suppliers and then resell it to end customers.