Duke Energy customers in North Carolina can expect lower electric bills starting January 1, 2025. The company announced a 3.6% rate decrease as part of its annual adjustment for fuel costs used in electricity generation.
According to a press release from Duke Energy, “A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $5.17, or about 3.6%, from current rates, falling from $142.17 to $137. That is 23% below the national average of $177.09 – a difference of approximately $480 per year.”
Meanwhile, state regulators are currently holding public hearings on a proposed rate hike by Duke Energy’s subsidiary, Piedmont Natural Gas. Piedmont has requested a 15% increase in use rates to cover costs related to the maintenance and operation of its energy infrastructure.
Duke Energy Carolinas, which serves approximately 2.9 million customers across North and South Carolina, made the announcement as part of its regular adjustments to better reflect current fuel costs.
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