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Santee Cooper Rate Hike Threatens Myrtle Beach Economy with Potential 20% Energy Inflation MyrtleBeachSC News

Summary by MyrtleBeachSC News
Recently, Santee Cooper proposed a brand-new electricity rate structure for residential customers in Myrtle Beach, SC which is to go into effect in April 2025. The proposed-rate structure includes a new mandatory “demand” charge, which the Utility argues will incentivize residents to reduce their electric load between the hours of 3pm-6pm in the Summer and 6am-9am in the Winter. Their publicized literature states that a resident will on average…
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MyrtleBeachSC news broke the news in on Thursday, October 10, 2024.
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