Palmetto Electric Coop Inc residential customers paid an average of 12.79¢/kWh in 2024 —
10% below the South Carolina average of 14.19¢/kWh (EIA-861).
It served 68,338 residential customers across 4 SC counties.
It was the cheapest option in this set — customers of Edisto Electric Coop (16.40¢) pay about $390/yr more at 10,800 kWh/yr.
How Palmetto Electric Coop compares with the utilities next door
| Utility | 2024 ¢/kWh | Customers | Δ vs Palmetto Electric Coop, ¢/kWh | $/yr difference |
|---|---|---|---|---|
| Palmetto Electric Coop Inc (this page) | 12.79 | 68,338 | — | — |
| Dominion Energy South Carolina, Inc | 14.59 | 696,385 | +1.80 | +$194 |
| Edisto Electric Coop, Inc | 16.40 | 15,421 | +3.61 | +$390 |
2 bundled utilities (≥5,000 customers) share at least one county with Palmetto Electric Coop. Positive $/yr = that utility's customers pay more than Palmetto Electric Coop customers at the same usage. Territories are fixed by address — these gaps measure cost differences between areas, not options you can pick between.
Rate trend and size
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Average price, ¢/kWh | 12.28 | 12.79 | +4.1% |
| Residential customers | 67,125 | 68,338 | +1.8% |
Ownership: Cooperative. Statewide context: South Carolina electricity rates.
Supply vs delivery on a Palmetto Electric Coop bill
South Carolina is a regulated retail market — Palmetto Electric Coop customers cannot choose a different supplier; rates are set in utility-commission proceedings. Official information: psc.sc.gov.
Counties served (SC, EIA-861 2024)
Allendale · Beaufort · Hampton · Jasper
Head-to-head comparisons
Questions people ask
- Is Palmetto Electric Coop Inc more expensive than other South Carolina utilities?
- Palmetto Electric Coop Inc customers paid an average 12.79 cents/kWh in 2024 — 10% below the South Carolina volume-weighted average of 14.19 cents (EIA-861, bundled residential service).
- Can I switch away from Palmetto Electric Coop Inc?
- No — distribution territory is fixed by address and South Carolina has no residential supplier shopping. Rate changes go through the state utility commission (psc.sc.gov).
- How many customers does Palmetto Electric Coop Inc have?
- 68,338 residential customers in South Carolina in 2024 across 4 counties, per its EIA-861 federal filing. Ownership type: co-op.
About these numbers. Rates shown are averages computed from federal regulatory filings (EIA Form 861)
and public tariff databases — confirm with your utility before making decisions; your actual rate depends on your tariff,
usage, and riders. Distribution utility is determined by address and generally cannot be chosen; in retail-choice states
you may choose your supplier for the supply portion of the bill. Savings figures use 10,800 kWh/yr
(US average residential usage) and are estimates, not quotes. EnergySavings is an independent data project by CertiHomes
and is not affiliated with any utility, supplier, or government agency.