Skip to main content

Report Outage: 1-866-445-5551

MyEnergy Online Login
Report Outage
Contact Us
Home
  • My Cooperative
    • Who We Are
    • Welcome
    • Leadership
    • Annual Meeting
    • Annual Report
    • Bylaws
    • Capital Credits
    • Careers
    • Contact Us
  • My Account
    • Start/Stop Service
    • MyEnergy Online
      • MyEnergy Mobile App
    • Billing and Payment
      • Advance Pay
      • Auto-Pay and Draft
      • e-Billing
      • Levelized Billing
    • Understanding Your Bill
      • Billing FAQs
      • 2025 Rate Increase
    • Rates
  • Member Services
    • Programs & Services
      • Beat the Peak
      • Buried Treasure
      • CHAMP
      • Dual Fuel
      • H2O Select
      • Illuma Knight
      • Smart Thermostat Program
      • Surge Guard
    • Renewable Energy
      • Green Power
      • Net Billing
      • Solar
        • Community Solar
    • Energy-Saving Measures
    • Together We Save
    • Choose EV
    • Contractor Specifications
  • In the Community
    • Operation Round Up
    • Co-op Connections
    • Education
      • Scholarships
      • Bright Ideas
      • Youth Tour
    • Environmental Programs
    • Economic Development
    • Affiliations
    • Community Rooms
  • News
    • CEO Letter
    • Press Room
    • Recent News
    • South Carolina Living Magazine
    • Integrated Resource Plan
    • Santee Cooper Settlement
  • Outages & Safety
    • Report a Power Outage
    • PEC Outage Map
    • ECSC Outage Map
    • Restoring Power
    • Safety
      • Play It Safe Kids Zone
      • Storm Safety
      • Everyday Safety
      • Safety Checklist
  • PalmettoLink Fiber
Menu

UNDERSTANDING YOUR BILL

You are here

  1. My Account
  2. UNDERSTANDING YOUR BILL

Understanding your energy bill can help you better manage your energy usage and could aid you in saving money. 

Your monthly bill is divided into several sections. There is a monthly kWh energy graph for the current month and the previous 12 months, a billing and payment summary, an account summary, a summary of applicable charges, and a section for important account messages.

For more account information such as average, high, and low temperatures, heating degree days, cooling degree days and other weather-related details, visit MyEnergy Online and login to view the My Usage tab and select Usage History.

  • Power Cost Adjustment
  • Calculating Your Bill

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 0.008956

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

Power Cost Factors

Date

Power Cost Factor

April 2025

0.008956

March 2025

0.010067

February 2025

0.011424

January 2025

0.001745

December 2024

0.000000

November 2024

-0.003451

October 2024

-0.002439

September 2024

-0.001286

August 2024

-0.001652

July 2024

-0.003205

June 2024

-0.003342

May 2024

-0.006574

April 2024

-0.002476

March 2024

-0.001304

February 2024

0.000559

January 2024

-0.000086

The following formula is used to calculate your monthly electric bill:

Facility Charge + (kWh used x rate) + (kWh used x Power Cost Factor*)

*Power Cost (shown on bill) fluctuates monthly and can be a positive or a negative number.

EXAMPLE #1 (2024 Rates)

EXAMPLE #2 (NEW 2025 Rates)

A homeowner who used 1,000 kWh during March 2024 would calculate their bill as follows:

(0.90 x 31 days) + (1,000 kWh x 10.890¢) + (1,000 kWh x – 0.007206)


(27.90) + (108.90) + (-7.21)


$129.59

**Any taxes, franchise fees, and additional charges, (i.e., Outdoor Lights, Surge Guard, CHAMP) must be added to the above example.

*Power Cost Factor for March 2024 used in both examples. Power Cost Factor will change monthly. 

A homeowner who used 1,000 kWh during January 2025 would calculate their bill as follows:

(0.99 x 31 days) + (1,000 kWh x 11.490¢) + (1,000 kWh x – 0.007206)


(30.69) + (114.90) + (-7.21)


$138.38

**Any taxes, franchise fees, and additional charges, (i.e., Outdoor Lights, Surge Guard, CHAMP) must be added to the above example.

*Power Cost Factor for March 2024 used in both examples. Power Cost Factor will change monthly. 

Back to Top

Quick Links

  • Contact Us
  • News
  • Privacy Policy
  • PURPA Compliance

E-NEWS

Subscribe to our newsletter and stay up-to-date with the latest news and deals!

Subscribe to our newsletter and stay up-to-date with latest news and deals!
Service Address
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Mission

To deliver competitively priced, reliable energy and innovative related services to its members and to provide leadership and support to the communities we serve.

Follow Us Online

Translate

©2025 Palmetto Electric Cooperative. All Rights Reserved.

  • My Cooperative
    • Who We Are
    • Welcome
    • Leadership
    • Annual Meeting
    • Annual Report
    • Bylaws
    • Capital Credits
    • Careers
    • Contact Us
  • My Account
    • Start/Stop Service
    • MyEnergy Online
      • MyEnergy Mobile App
    • Billing and Payment
      • Advance Pay
      • Auto-Pay and Draft
      • e-Billing
      • Levelized Billing
    • Understanding Your Bill
      • Billing FAQs
      • 2025 Rate Increase
    • Rates
  • Member Services
    • Programs & Services
      • Beat the Peak
      • Buried Treasure
      • CHAMP
      • Dual Fuel
      • H2O Select
      • Illuma Knight
      • Smart Thermostat Program
      • Surge Guard
    • Renewable Energy
      • Green Power
      • Net Billing
      • Solar
        • Community Solar
    • Energy-Saving Measures
    • Together We Save
    • Choose EV
    • Contractor Specifications
  • In the Community
    • Operation Round Up
    • Co-op Connections
    • Education
      • Scholarships
      • Bright Ideas
      • Youth Tour
    • Environmental Programs
    • Economic Development
    • Affiliations
    • Community Rooms
  • News
    • CEO Letter
    • Press Room
    • Recent News
    • South Carolina Living Magazine
    • Integrated Resource Plan
    • Santee Cooper Settlement
  • Outages & Safety
    • Report a Power Outage
    • PEC Outage Map
    • ECSC Outage Map
    • Restoring Power
    • Safety
      • Play It Safe Kids Zone
      • Storm Safety
      • Everyday Safety
      • Safety Checklist
  • PalmettoLink Fiber