More News

NC Utilities Commission approves Duke Energy Progress request to lower customer rates by 4.5%

By Staff Report, posted 1 year ago

Starting Dec. 1, rates for Duke Energy Progress residential customers in North Carolina fell by 4.5% as part of an annual adjustment for the cost of fuel used to generate electricity at the utility’s power plants.

A typical residential customer in North Carolina using 1,000 kilowatt-hours (kWh) per month will see an overall decrease of $7.34, or about 4.5% lower than prior rates, falling from $161.97 to $154.63. That is 11% below the national average of $174.21 – a difference of approximately $235 per year.

Commercial customers will benefit from an average decrease of about 6.3%, while industrial customers will see an average decrease of less than 0.1%.

Duke Energy Progress serves about 1.5 million customers in central and eastern North Carolina.

A similar decrease for Duke Energy Carolinas customers will go into effect on Jan. 1, when rates for residential customers drop 3.6%.

To ensure accurate rates, the North Carolina Utilities Commission (NCUC) annually reviews the fuel costs required to generate electricity for customers, along with rider updates for state programs to encourage clean energy adoption and reduce energy use. The NCUC issued its order approving the annual adjustment on Nov. 13.

 

Ico insights

INSIGHTS

SPONSORS' CONTENT
cape-fear-valley-ear-nose-throat-lillington albino-chiodo-md headshott

Cape Fear Valley ENT helps patients breathe easier

Albino Chiodo, MD - Otolaryngologist, Cape Fear Valley Ear, Nose & Throat – Lillington
north-carolina-military-business-center lee-moritz-jr headshott

Where Warfighter Needs Meet Textile Innovation: Why FEDTEX 2026 Matters

Lee Moritz, Jr. - Federal Business Development, North Carolina Military Business Center
fayetteville-state-university chancellor-darrell-t-allison headshott

FSU: Redefining Success and Service through the Power of Partnership

Chancellor Darrell T. Allison - Chancellor, Fayetteville State University

In The Current Issue

CommWell Health opening new location in Coats; announces retirement of CEO

Graphic courtesy of CommWell HealthCommWell Health, a large private nonprofit Community Health Center, was recently awarded a competitive grant through the Health Resources and Services Administration (HRSA) to expand essential healthcare access in C


Advancing military technology: Dragon's Lair pitch goes from idea to production

Spc. Alexander Soto, a paratrooper assigned to the 1st Battalion, 504th Parachute Infantry Regiment, presents the modular drone case at the Airborne Innovation Lab, Fort Bragg, North Carolina, Feb. 9, 2026. Soto noted the recurring problem of drones


Hogs & chickens & turkeys, oh my! Sampson County Friends of Agriculture Ag Rally scheduled for March 17

Graphic provided by Sampson County Friends of AgricultureThe Sampson County Friends of Agriculture would like to invite the greater Fayetteville community to their annual Agriculture Rally on March 17, 2026, at 6:30 p.m. Originally organized by