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The company is proposing a gradual increase over three years in a Multiyear Rate Plan (MYRP). If approved by the NCUC, electric rates will increase about 10.5% for residential customers in the first year, followed by an additional 3.8% in year 2 and 3.6% in year 3.
The company is proposing a gradual increase over three years in a Multi-Year Rate Plan (MYRP). If approved by the NCUC, electric rates will increase about 9.9% for residential customers in the first year, followed by an additional 4.5% in year 2 and 4.3% in year 3.
If approved, the total monthly impact of these changes for a residential customer using 1,000 kilowatt-hours (kWh) of electricity would be an increase of $5.98, from $138.13 to $144.11 ($144.22 for December). Rates would remain well below the national average of $171.67, as of last winter.
Electricity rates will rise 9.9% on Thursday for Duke Energy Progress customers in Asheville, Raleigh and eastern North Carolina, because of higher costs for natural gas.
CHARLOTTE, N.C. – Duke Energy Progress will implement new rates for North Carolina customers on Oct. 1 as approved by the North Carolina Utilities Commission (NCUC). Rates for North Carolina customers will remain below the national average, even after Duke Energy Progress completes approximately $6.3 billion in upgrades to make the electric ...
Duke Energy Carolinas will implement new rates for North Carolina customers on Jan. 15 as approved by the North Carolina Utilities Commission (NCUC).
If approved, the Charlotte-based utility's new fuel and renewable energy adoption rates would go into effect Sept. 1, 2022.
Select your location. Many factors play a role in determining the price you pay for energy. Learn more about how your rate is calculated.
According to a report from WFAE, rates will rise 8.3% beginning in January 2024, 3.3% in 2025 and 3% in 2026. Duke said a typical customer would pay about $13 more per month in 2024. In 2025,...
Beginning Sept.1, Duke Energy Carolinas will be increasing residential energy rates, affecting approximately 2 million households in western and central North Caroli.