On February 18, 2026, the South Carolina Public Utility Commission (PUC) announced its decision to approve a rate increase for electric service providers in the state. This decision comes after months of deliberation and consultation with various stakeholders in the energy sector.The approved rate increase will allow electric service providers to raise their rates by an average of 3.5%, with some companies seeing slightly higher or lower increases based on their specific circumstances. The PUC explained that the rate increase is necessary to support ongoing infrastructure improvements, maintain reliable service, and ensure that electric service providers can continue to meet the state's growing energy demands.In a statement, PUC Chairperson Jane Smith emphasized that the commission carefully considered the input of both utility companies and consumer advocates before making its decision. "We understand that any rate increase can be a burden on consumers, especially those on fixed incomes, which is why we worked closely with all parties involved to minimize the impact on ratepayers while still ensuring the financial health of electric service providers," Smith said.Consumer advocacy groups have expressed concern about the rate increase, arguing that it will disproportionately affect low-income households. However, the PUC has implemented a new rate structure that includes additional assistance programs for low-income customers to help mitigate the impact of the rate increase.Electric service providers welcomed the PUC's decision, stating that the rate increase will enable them to invest in critical infrastructure upgrades, such as smart grid technology and renewable energy projects, that will ultimately benefit all customers. They also pledged to work with the commission to ensure that the rate increase is implemented fairly and transparently.Overall, the PUC's decision to approve a rate increase for electric service providers reflects the ongoing challenges and complexities of the energy sector in South Carolina. As the state continues to grow and evolve, ensuring a reliable and affordable energy supply will remain a top priority for regulators, utility companies, and consumers alike.