NewInsight: Investor-owned utilities charge 23% more for power

Palmetto Electric Cooperative electricity rates

What homes pay Palmetto Electric Cooperative for electricity, from EIA.

Cooperative utility, 72,082 homes in South Carolina. EIA lists it as Palmetto Electric Coop Inc.

Headlines

Average price
15.3¢ a kWh
Up 10% on a year ago
Average bill
$181 a month
Up 6.3% on a year ago
Average use
1,188 kWh
A month. South Carolina 1,069 kWh
Price rank in South Carolina
3 of 6
1 is the most expensive

Over the 12 months to August 2026, Palmetto Electric Cooperative homes paid 15.3¢ a kWh, against 15.8¢ across South Carolina.

Palmetto Electric Cooperative vs South Carolina

Palmetto Electric CooperativeSouth Carolina
Average price, 12 months to August 202615.3¢15.8¢
Price in August 202614.3¢15.8¢
Average monthly bill, 12 months$181$169
Bill in August 2026$237$226
Average monthly use1,188 kWh1,069 kWh
Price change, past year+10%+5.5%
Price change since 2019+30%+21%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026