Power Cost Adjustment

A power cost adjustment factor appears on the bills and will allow Palmetto Electric to track fluctuating wholesale power costs. The power cost adjustment is calculated by multiplying the total kWh usage by the corresponding month’s power cost factor.

The current power cost factor is -0.005864

Palmetto Electric is a non-profit member-owned distribution electric cooperative. The power we purchase is generated by Santee Cooper, a state-owned utility. Palmetto Electric’s wholesale power costs represent about two-thirds of our total charges.

Power Cost Factors

Date
Power Cost Factor
July 2019 -0.005864
June 2019 -0.006506
May 2019 -0.005743
April 2019 -0.002543
March 2019 -0.002957
February 2019 0.000441+
January 2019 0.001654+
December 2018 0.000500+
November 2018 -0.016575
October 2018 -0.015355
September 2018 -0.002339
August 2018 -0.004533
July 2018 -0.008616
June 2018 -0.012400

 

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