Duke Energy Files To Increase Electric Rates

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One of the state’s largest utility providers has filed to increase rates on their customers.
Duke Energy filed to increase their energy rates by 15% across all customer groups. If approved, the first increase of 13% would be in mid 2020 and the other 2% increase would take place in 2021.
Duke days that with the increase, customers who use 1000 kilowatt-hours a month would see an increase of $23 per month. Officials with the utility say that the increase is needed because of investments made in creating cleaner, more reliable energy.
Duke is also proposing a pilot program with time of use rates. Time of use rates, where customers can lower their energy bills on high demand power days by shifting their energy usage to a day part when energy is less expensive.