Duke Energy Files Request for 9.7 Percent Rate Increase
CHARLOTTE, N.C.-- Duke Energy customers could see their rates increase if the North Carolina Utilities Commission approves a $446 million requested increase.
“Electric service for our customers is an excellent value. For our typical customers, the daily cost of powering their homes is somewhere between the price of a gallon of gas and a latte from a coffee shop,” said Paul Newton, Duke Energy state president – North Carolina in a statement. “Even with the proposed increase, Duke Energy Carolinas’ rates would remain well below the national average. When adjusted for inflation, our customers are still paying less for electricity than they did in 1991.”
The average residential customer would pay an additional 11.8 percent, which equates to an average monthly bill increase of $14.27 for a household using 1,000 kilowatt-hours of electricity per month, according to figures provided by Duke Energy.
Commercial users would see an average increase of 9.6 percent, industrial users would see a 5.3 percent increase, and lighting costs would increase by 5.4 percent.
“We are committed to minimizing the impact of increased costs on our customers,” Newton said. “We offer a number of energy-efficiency programs and assistance for low-income customers. Since 1985, our Share the Warmth Program has given more than $33 million to low-income customers for heating bills during the winter season.”
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