Name: Duke Energy Carolinas increase residential electric rates #RenewableEnergy #Sustainability #SolarPanels [Video]
Uploaded: 2022-09-01T23:30:54+00:00
Description: Beginning Sept.1, Duke Energy Carolinas will be increasing residential energy rates, affecting approximately 2 million households in western and central North Caroli

Duke Energy Carolinas increase residential electric rates [Video]

Higher fuel costs stemming from pandemic-driven inflation and renewable energy programs are behind the rate increases, the utility said.

CHARLOTTE, N.C. — Beginning Sept.1, Duke Energy Carolinas will be increasing residential energy rates, affecting approximately 2 million households in western and central North Carolina.

In March, Duke Energy released a statement first proposing the increase; however, due to rising fuel costs since March, the initial increase was slightly lower than the rate hike that began on Sept.1, according to a spokesperson for the utility.

Customers in the Carolinas, which includes people in Charlotte, Greensboro, and the Triad region, will see a 9.5% increase in their monthly bills through the end of December. The utility said rates will drop by 1.3% on Jan. 1, 2023, when energy efficiency adjustments take effect, pending approval by regulators.

Given these adjustments, Duke Energy said the total impact will be an 8.2% rate increase for customers.

By then, “the typical residential customer using 1,000 kilowatt-hours (kWh) per month, that …