CHARLOTTE, NC – Starting Dec. 1, rates for Duke Energy Progress residential customers in North Carolina fell by 4.5% as part of an annual adjustment for the cost of fuel used to generate electricity at the utility’s power plants.
A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $7.34, or about 4.5% lower than prior rates, falling from $161.97 to $154.63. That is 11% below the national average of $174.21 β a difference of approximately $235 per year.
Commercial customers will benefit from an average decrease of about 6.3%, while industrial customers will see an average decrease of less than 0.1%.
Duke Energy Progress serves about 1.5 million customers in central and eastern North Carolina, including Raleigh, as well as the Asheville region.
AΒ similar decrease for Duke Energy Carolinas customersΒ will go into effect on Jan. 1, when rates for residential customers drop 3.6%.
