Duke Energy customers in North and South Carolina will see a decrease in their electricity rates starting this month. This change comes as the utility company adjusts its pricing to reflect lower fuel costs used in power generation. The reduction aims to provide financial relief to households while maintaining Duke Energy’s commitment to affordability and reliable service.

How Much Will Customers Save?

For residential customers in North Carolina, the savings will amount to approximately $8.39 monthly for a 1,000-kilowatt-hour bill. South Carolina customers are also expected to benefit from similar reductions. The adjustment is part of Duke Energy’s annual review process to ensure that consumers are charged only for the actual costs of fuel. This decrease comes at an opportune time as winter energy usage typically increases.

Duke Energy’s Approach to Rate Adjustments

Duke Energy emphasizes that the rate changes are directly tied to fluctuating fuel prices. The company does not profit from fuel costs, ensuring that savings are passed along to customers when costs decline. For detailed information about the rate adjustments and their impact, visit yahoo.

Promoting Energy Efficiency

In addition to lowering rates, Duke Energy continues to promote energy efficiency programs that help customers reduce consumption. These initiatives not only contribute to lowering household costs but also support broader environmental goals. As energy markets evolve, the company remains dedicated to adapting and finding innovative ways to meet consumer needs.

This reduction marks a positive step for residents, alleviating financial burdens while maintaining quality service.

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