Santee Cooper’s board of directors voted Oct. 30 to raise residential electric rates 4.7% in 2027 and 4.6% in 2028. The utility has put the cost for a typical home at about $6.60 a month, or roughly 20 cents a day, according to Live 5 News in Charleston. The new rates apply to bills rendered on or after Feb. 1, 2027.
Santee Cooper, a South Carolina utility, says the increases average 3.3% in 2027 and 3.1% in 2028 across all customer classes, according to its rate study page. Residential customers carry the larger share: their base rates rise faster than the commercial class, which gets 2.9% in each year. Customers who want a number for their own home can pick their customer class under “Customer Impacts” on the utility’s rate page…