Price declines seem to be unusual things, but for the second time in a month ECC gets to report on a utility rate decrease in the Southeast. This time it is Duke Energy.
In a news release the company said, “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.”
Customers should note that these changes have been reviewed by the NC Utilities Commission, which regulates the rates and services of all investor-owned public utilities.
Said Duke Energy, “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 same news item noted a Duke Energy program, much like other utilities have, to help customers reduce energy costs with an energy audit: “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.
This story underlines the way that electric markets are dynamic things. They require a continuous eye for detail and planning. Flexibility and speed matter in power companies.