What’s With The Increase?

Duke Energy customers across western and central North Carolina should be prepared for their rates to increase. With high fuel costs and new renewable energy incentives being introduced, more customers are taking advantage of financial perks that come with using an electric vehicle.

When Does This Increase Kick Into Effect?

On September 1st, 2022 , Duke Energy customers’ rates will be increased by 9.5%. Some of the cities where this rate increase will take place are Charlotte, Winston-Salem, Greensboro, and Durham. Assuming the average Duke Energy customer utilizes 1,000 kilowatt hours a month, this kind of customer would see an additional $10.10 added on to their utility bill.

Which Areas Aren’t Affected (Yet)?

North Carolina residents living in Raleigh, Asheville, and eastern North Carolina aren’t affected by this rate increase. These areas utilize Duke’s other utility company, Duke Energy Progress. Duke Energy Progress may have their rate increased to 9.8% on Dec 1st, 2022 if the utilities commission decides to implement an increase.  

In Conclusion

Increased gas prices have encouraged people to explore more renewable energy alternatives in their lives. With this increase in renewable energy use, utility companies like Duke need to increase their rates so they can prepare for customers to transition to utilizing renewable energy. Installing a PV solar system for your home or business could be a great way to start. If a customer already has a PV solar system, they can add components like EV chargers and power storage units to maximize their sustainable energy.