MPD Electric Cooperative Announces Rate Decrease
Members of Marlboro and Pee Dee Electric to Receive a 4% Rate Decrease
Darlington, SC – November 15, 2022 – MPD Electric Cooperative is pleased to provide its residential members of both Marlboro Electric Cooperative (MEC) and Pee Dee Electric Cooperative (PDEC) with a 4% winter rate decrease for the month of December 2022 and the months of January and February 2023. This marks the second rate decrease this year for MPD members.
The reduction will be applied automatically, and members will see it as a line item on their monthly bills. This is the fifth rate decrease provided to MPD members since MEC and PDEC joined together in September 2020.
MPD Electric members enjoy the lowest rates in the state of South Carolina among all utilities and represent the lowest cost electric cooperative in the Southeastern United States. Serving approximately 40,000 accounts throughout the Pee Dee Region, the efficiencies of the merged organization continues to provide an economic return for the consumers.
“For the third year in a row, our cooperative members have enjoyed record rate decreases, when the cost of everything else continues to soar,” said William Fleming, President and CEO. “I am very thankful for our Board of Trustees, who have approved yet another rate decrease this winter, while power costs continue to rise nationwide.”
MPD was formed in 2020 through the merger of Marlboro Electric Cooperative and Pee Dee Electric Cooperative with the goal of creating joint economic benefits, long-term efficiencies and overall improved service for members residing in Chesterfield, Darlington, Dillon, Florence, Lee, Marion, and Marlboro Counties.