Duke Energy Seeks Another Rate Hike

Duke Energy customers in North Carolina are facing the possibility of higher energy bills starting June 1. The utility has submitted a request to the North Carolina Utilities Commission for an increase to its fuel rider. This adjustment is proposed to enable Duke Energy to recoup expenses associated with providing and purchasing power, particularly during the coldest days of winter.

This potential fuel rider hike is in addition to a larger rate increase request already pending. Duke Energy is seeking a 15% rate increase for Duke Carolinas customers and an 18% increase for Duke Progress customers over the next two years. State law permits Duke Energy to pass fuel costs directly to consumers.

If approved, the fuel rider increase alone could result in an additional $6 to $8 charge on the typical monthly bill for an average Duke Energy customer. This measure is part of the company's strategy to manage operational costs related to energy acquisition and delivery.