CHARLOTTE — Duke Energy Carolinas has asked N.C. regulators for permission to increase residential electric rates 7.9% in September, largely to account for major coal-price hikes and more moderate, though still significant, natural gas increases.
The “fuel factor” filing made Feb. 28 with the N.C. Utilities Commission would bump a typical residential customer’s average monthly bill to about $113.66, from the current $105.34 average, according to calculations by the Charlotte Business Journal.
Commercial customers would see rates increase 9.3%, while industrial-scale customers would see a 9% increase.
The increases, which would go into effect Sept. 1 if approved and relate mostly to higher fuel costs, although there is also a small charge to customers to cover the price of the renewable energy portfolio standard.
Read more here: bizj.us/1qe7pi
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