Rising Natural Gas Prices Push Up Duke Energy Electric Rates In NC

Posted By: Michelle Manns News ,

Higher fuel costs and new renewable energy programs are pushing up rates for Duke Energy customers in most of western and central North Carolina.

Residential rates will increase 9.5% on Sept. 1 at Duke Energy Carolinas, which includes Charlotte, Durham, Winston-Salem, and Greensboro. That's $10.10 a month for a typical customer using 1,000 kilowatt hours of electricity, pushing the typical bill to $116.33, according to the utility company.

But rates could fall 1.3% beginning Jan. 1 if regulators approve downward adjustments for energy efficiency programs. That would reduce the typical bill next year to $114.94….Read more.