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 -0.001949

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
May 2021 -0.001949
April 2021 -0.002186
March 2021 -0.002372
February 2021 -0.009080
January 2021 -0.010696
December 2020 -0.026552
November 2020 -0.006009
October 2020 -0.003935
September 2020 -0.003268
August 2020 -0.004526
July 2020 -0.004644
June 2020 -0.005605
May 2020 -0.001691
April 2020 -0.000297
March 2020 -0.002532
February 2020 -0.007138

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