Duke Energy customers in North Carolina to see rates decrease on Jan. 1

Electricity rates for Duke Energy Carolinas customers in North Carolina will see their electric rates fall starting Jan. 1.

The rate reduction is part of an annual adjustment for the cost of fuel used to generate electricity at its power plants.

Starting Jan. 1, 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 percent, with rates falling from $142.17 to $137.

That rate is 23 percent below the national average of $177.09 – a difference of approximately $480 per year.

In addition, commercial customers will see an average decrease in their bills of about 7.4 percent, while industrial customers will receive an average decrease of less than 1 percent.

The North Carolina Utilities Commission (NCUC), which annually reviews the fuel costs required to generate electricity for customers, issued its order approving the annual adjustment on Aug. 20.

Duke Energy Carolinas seeks to actively manage fuel contracts to keep costs as low as possible for customers. Bills reflect actual fuel costs, so customers pay what Duke Energy Carolinas pay.

Duke Energy Carolinas serves about 2.2 million households and businesses in central and western North Carolina, including Charlotte, Durham and the Triad.

The post Duke Energy customers in North Carolina to see rates decrease on Jan. 1 appeared first on Daily Energy Insider .