South Carolina’s electricity market is at a crossroads. Composed of utilities operating under a vertically integrated model with limited competition, the state faces growing pressure to reduce costs, find new generation, and ensure long-term grid reliability. While efforts like the Southeast Energy Exchange Market (SEEM) have introduced modest reforms among a subset of utilities in
At Palmetto Promise, we believe in the power of ideas backed by strong policy research. That belief was put to the test and proven true when our July 2024 report, Small Modular Reactors: An Answer to South Carolina’s Energy Crisis, helped lay the groundwork for a major bipartisan breakthrough in Columbia. In recent months, both
Energy policy has long been a balancing act between market competition and regulatory oversight. Traditionally, South Carolina’s electricity market has been dominated by vertically integrated, monopoly utilities that control all three aspects of the power system—generation, transmission, and distribution. So, the Palmetto State has leaned toward regulation. But a relatively simple and proven reform is
This op-ed by Dr. Oran Smith was originally published in the SC Daily Gazette. It is no secret that South Carolina has become a magnet for business, industry, and people. Since 2007, our population has grown by over one million, and the U-Hauls keep coming. The in-migration boom includes manufacturing and high-tech industries as well. This generational change
South Carolina is at a turning point. With one of the fastest-growing populations in the country and a booming economy, the demand for reliable, affordable energy has never been higher. Yet, our outdated energy system—dominated by utility monopolies—is struggling to keep up. Without modernization, we risk not only higher costs but also potential energy shortages
This op-ed by Palmetto Promise Research Fellow Jennifer Buckley was originally published in the Post and Courier. It also has been published in FitsNews. South Carolina’s dormant nuclear energy ambitions could be stirring back to life. Santee Cooper announced Jan. 22 that it is seeking proposals to acquire and complete, or propose alternatives for, the
Columbia, S.C. (February 4, 2025) — A supermajority of South Carolina’s general election voters overwhelmingly support the modernization of the state’s energy grid and a move away from the currently siloed monopoly-driven power systems. In a poll of 600 registered general election voters, 80 percent of those surveyed favored moving away from the current monopolistic
With the launch of a brand new 2025-26 legislative session, all bills that did not pass in 2023-24 were officially pronounced dead. Unfortunately, energy generation expansion and reform were among the key areas that saw no movement in the last General Assembly. But a conversation between Senate and House had begun. That’s progress. So, what
South Carolina is facing an energy crisis. In 2016, the average energy bill was higher for South Carolinians than for energy customers in any other state. We are still in the top five both nationally and in the Southeast. And it looks like power giant Santee Cooper is set to raise rates even higher. On
It was a high honor for Virgil C. Summer when SCE&G named its new power plant for him. After all, in 1984, V.C. Summer I was an impressive engineering feat. The new nuclear reactor generated a whopping 966 MW of electricity, and its construction was so efficient that it cost far less per MW generated
