RALEIGH, N.C., Dec. 2, 2019 /PRNewswire/ -- Duke Energy Progress
customers in North Carolina will
see a drop in their electric rates this winter season.
Overall energy costs will decrease approximately 3.2% for
residential customers, 4.5% for commercial customers and 1.6% for
industrial customers.
The total monthly impact for a typical residential customer
using 1,000 kilowatt-hours (kWh) per month is a decrease of
$3.81, from $120.44 to $116.63.
The lower rates were reviewed by the North Carolina Utilities
Commission, and 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.
The main driver is a decrease in monthly fuel costs as part of
an annual adjustment of the actual cost of fuel used to power
North Carolina homes and
businesses through renewable, natural gas, nuclear and coal-fired
generation. By law, the company makes no profit from the fuel
component of rates.
The new fuel, REPS and JAAR rates went into effect Dec. 1, 2019, and the new EE and DSM rates will
go into effect Jan. 1, 2020.
Helping customers save
Duke Energy Progress works to actively manage its fuel contracts
to keep fuel costs as low as possible for customers. Savings
achieved from the joint dispatch of Duke Energy's generation fleet
in the Carolinas also help to minimize the company's fuel
costs.
Duke Energy Progress is also committed to helping customers take
control of their energy use and manage their bills. The company
offers energy-saving tips and innovative efficiency programs for
every budget to help customers realize additional savings.
For example, the Home Energy House Call is a free in-home energy
assessment, valued at $180, designed
to give Duke Energy customers more information about how they use
energy in their home and strategies to save money on their monthly
bill.
To learn more about these programs, visit
duke-energy.com/savings.
Duke Energy Progress serves 1.4 million households and
businesses in central and eastern North
Carolina and in the Asheville region.
Duke Energy Progress
Duke Energy Progress, a subsidiary of Duke Energy, owns nuclear,
coal, natural gas, renewables and hydroelectric generation. That
diverse fuel mix provides about 12,700 megawatts of owned electric
capacity to approximately 1.6 million customers in a
32,000-square-mile service area of North
Carolina and South
Carolina.
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in
Charlotte, N.C., is one of the
largest energy holding companies in the U.S. It employs 30,000
people and has an electric generating capacity of 51,000 megawatts
through its regulated utilities, and 3,000 megawatts through its
nonregulated Duke Energy Renewables unit.
Duke Energy is transforming its customers' experience,
modernizing the energy grid, generating cleaner energy and
expanding natural gas infrastructure to create a smarter energy
future for the people and communities it serves. The Electric
Utilities and Infrastructure unit's regulated utilities serve
approximately 7.7 million retail electric customers in six states –
North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky. The Gas Utilities
and Infrastructure unit distributes natural gas to more than 1.6
million customers in five states – North
Carolina, South Carolina,
Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit
operates wind and solar generation facilities across the U.S., as
well as energy storage and microgrid projects.
Duke Energy was named to Fortune's 2019 "World's Most Admired
Companies" list, and Forbes' 2019 "America's Best Employers" list.
More information about the company is available at duke-energy.com.
The Duke Energy News Center contains news releases, fact
sheets, photos, videos and other materials. Duke Energy's
illumination features stories about people, innovations,
community topics and environmental issues. Follow Duke Energy on
Twitter, LinkedIn, Instagram and Facebook.
Media contact (24-hour): 800.559.3853
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SOURCE Duke Energy