Duke Energy Progress customers in North Carolina see electric rate decrease
Duke Energy said Monday that electric rates for Duke Energy Progress customers in North Carolina will decrease this winter season.
Residential customers will see a decrease in overall energy costs of approximately 3.2 percent. Commercial customers will see a decrease of roughly 4.5 percent, and industrial customers will see a decrease of about 1.6 percent.
The total monthly impact for a typical residential customer using 1,000 kilowatt-hours (kWh) per month is a reduction of $3.81, from $120.44 to $116.63.
The North Carolina Utilities Commission reviewed the lower rates. The rates include approved annual changes in costs associated with fuel, compliance with the state’s renewable energy portfolio standard (REPS), cost recovery under the Joint Agency Asset Rider (JAAR) and requested changes to rates for implementation of energy efficiency (EE) and demand-side management (DSM) programs, Duke Energy said.
Duke Energy noted that the main cause of the lower rates was a decrease in monthly fuel costs as part of an annual adjustment.
The new fuel, REPS, and JAAR rates went into effect on Dec. 1. The new EE and DSM rates will go into effect on Jan. 1, 2020.
