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 -0.006009

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
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
January 2020 -0.009089
December 2019 -0.024515
November 2019 -0.014502
October 2019 -0.003928
September 2019 -0.003401

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