Upstate Business Journal

Duke Energy lowering rates for customers

Duke Energy Carolinas customers will see savings on their electric bills this month due to a decrease in the annual fuel charge.

October 8, 2015

by Staff

Duke Energy Carolinas customers will see savings on their electric bills this month due to a decrease in the annual fuel charge.

The new fuel charge results in an electric rate decrease for residential customers of 0.9 percent – about $1.06 per month for those using 1,000 kilowatt-hours (kWh) a month.

General service customers will see a decrease of 2.4 percent, lighting customers 1.4 percent, and industrial customers 3.5 percent.

Reasons for the overall rate decrease include lower projected coal and natural gas prices and a $19-million decrease in the period true-up of fuel costs from the prior year’s projection

These deductions were partially offset by higher projected nuclear fuel prices and higher sales.

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