S.C. Energy Office Duke Energy Carolinas submits annual update for charges related to fuel Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. A residential utility bill now sitting around $115 would be about $20 more each month by 2026 under the proposed rate increase, according to Duke Energy. The utility is allowed to request rate changes every year to account for changing fuel costs. Rate hike for Duke Energy Progress customers in South Carolina greenlit But it is also notable that Duke does charge additional monthly fees to solar customers in . 1 0 obj All rights reserved. If approved, residential customers would be charged 13.2 percent more, or about $15.75 a month, for every 1,000 kilowatt hours of power they consume. Low 76F. Residential Time-of-use Demand (R-TOUD) Duke Energy Carolinas residential electric rates are highest in January and the highest average bill is in April. Electric rates set to rise in South Carolina | wltx.com Chance of rain 90%. North Carolina passed legislation in 2021 that mandates a 70% reduction in carbon emissions from 2005 levels by 2030. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Based on these investments, the filing with the Public Service Commission of South Carolina (PSCSC) requests to increase revenues by about $168 million, for an overall average rate increase across all customer classes of 10.0 percent. document.getElementById("demo").innerHTML = "© " + html; Building a Smarter Energy Future We're making smart investments to improve reliability, prevent outages and use more clean, renewable energy. Transmission and Distribution, Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Duke Energy Corporation. <> In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. According to the U.S. Energy Information Administration, almost 90% of U.S. homes are heated primarily by natural gas or electricity. Because natural gas is the most common fuel used to generate electricity in the United States, higher natural gas prices lead to higher retail prices for electricity. Residential customers would see a 14.7% total increase by April 2024 if the two . That works out to about $6.53 a month for residential customers using 1,000 kilowatt hours. Building a 'green' grid. The Rider will recover the cost of Duke Energy Carolinas' Interruptible Service and Stand-By Generator programs ("Existing DSM Programs") based on the cost of bill credits and amounts paid to customers participating on these programs ("Program Costs"). Nanette Edwards, the executive director of the Office of Regulatory Staff, which represents the publics interests during rate cases, compared the rising costs to the high cost of motor fuel. WASHINGTON -- House Republican appropriators want to eliminate funding for John Kerrys position as President Joe Bidens special envoy and for other international climate efforts. Required fields are marked *. *Customers currently on the Solar time-of-use rate (R-STOU) will not see changes to their current structure. Duke Energy was named to Fortunes 2022 Worlds Most Admired Companies list and Forbes Americas Best Employers list. . The . The company's Electric Utilities and Infrastructure unit serves approximately 7.6 million retail electric customers in six states North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Commercial and industrial customers will see an average increase of around 3.7% and 2.2%, respectively (actual rates vary by customer class and size). "This approach will support our robust regulated capital opportunities, which includes incorporating over 30,000 megawatts of regulated renewable energy into our system by 2035.". "We secured the Carolina Long Bay lease to create valuable optionality for our regulated utility customers if the (N.C. Utilities Commission) determines offshore wind is part of the least-cost path to achieve its long-term carbon reduction targets, which will be evaluated every two years," Garber said via email. _ , . Duke Energy Progress proposes 11% rate hike in South Carolina Save my name, email, and website in this browser for the next time I comment. Commission to recover recent capital investments and update its operating costs and billing rates through a general rate case . Duke Energy Progress has reached a comprehensive settlement with all groups involved in its proposed $90 million rate hike in South Carolina and hopes to file details with the S.C. Public Service . (PRNewsfoto/Duke Energy) The comprehensive agreement between the company and consumer, environmental and industrial groups. The settlement also allows Duke Energy Progress a return on equity of 9.6% and an equity component of the capital structure of 52.43%. Our Rates - Duke Energy Electricity 101 They also want more options and control over how they use energy in their everyday lives. Duke Energy SC rate hike cut to $52M in proposed deal with opponents If approved by the Public Service Commission of South Carolina (PSCSC), the . Notice how power bills never go down when fuel prices go down. Winds light and variable. For additional resources, visit www.duke-energy.com/SCCarolinasRates. The electricity provider said in an Aug. 1 notice that the cost overrun resulted from rising energy demand last year that increased fuel needs for power generation that coincided with a drastic jump in commodity prices. Duke Energy helps build South Carolina workforce with nearly $200,000 in grants with focus on veterans, underserved . We're working hard to build a smart, secure and flexible electric infrastructure to better serve our customers and keep South Carolina competitive now and in the years ahead.". Duke Energy raises rates in South Carolina - pv magazine USA Duke Energy Corporation. Generating cleaner energy OH~@N}O,MQ6t)UQ[8YXb]-3p+@&l(I q:.vWy4e]N#^%.q7'i&k*F%7(FN:LXZ>uA~xI&6VtBye6~_J|0`y>yN+|KMf$(s sr Commercial and industrial customers will see an average increase of around 3.7% and 2.2%, respectively (actual rates vary by customer class and size). Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Customers. Commercial and industrial customers will see an average increase of around 3.7% and 2.2%, respectively (actual rates vary by customer class and size). Read moreCharleston hotel undergoing $25M redo to become Marriott's Live Oak, A new concept is coming to a darkened West Ashley dining venue while a restaurant offering French fare recently turned out the lights. Headquartered in Charlotte, N.C., Duke Energy is one of the largest energy holding companies in the U.S., with approximately 29,000 employees and a generating capacity of 49,500 megawatts. Contact: Ryan Mosier 4 0 obj The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. Users and advertisers might go elsewhere, The Berkeley Independent - Moncks Corner, SC, By Jodi Shafto The company has issued a separate news release about the Duke Energy Progress request.). We are disappointed that the Public Service Commission continues to pass 100% of rising fuel costs to customers without addressing the fundamental problem: heavy reliance on fossil fuel resources exposes customers to substantial cost risk, as opposed to the significantly cleaner, more affordable resources that are available and ready to go, saidKateMixson, staff attorney at the Southern Environmental Law Center. According to a release, Duke is expected to net $1.1 billion from the transaction. The cost of these services, including compliance with state and federal regulations that govern the company's work, is a responsibility shared by all consumers of electricity, so the public and the environment are protected now and in the future. North Carolina passed legislation in 2021 that mandates a 70% reduction in carbon emissions from 2005 levels by 2030. If the agreement is approved by the Public Service Commission of South Carolina, the company plans to implement the increase beginning April 1, with the typical residential customer in South Carolina using 1,000 kilowatt hours of electricity paying about $10.95 more per month. Beginning April 1, the typical residential customer in South Carolina using 1,000 kilowatt hours of electricity will pay about $10.95 more per month, or 8.2%. High 89F. Prices have continued rising, recently settling above $8.25 because of hotter than usual weather in parts of the U.S. and Russia's invasion of Ukraine, as countries overseas scramble to make sure they have enough reliable energy. 17 Superseding South Carolina Twenty-Ninth Revised Leaf No. Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. The Duke Energy Foundation recently awarded $425,000 in Florida to fund environmental programs, provide equity of access to science education and help create biodiversity across the state. The agreement was reached with the Office of Regulatory Staff, the Department of Consumer Affairs, the South Carolina Energy Users Committee, Southern Alliance for Clean Energy, Coastal Conservation League, Vote Solar, the Sierra Club, the Department of Defense/Federal Executive Agencies, Walmart, Nucor Steel and the Small Business Chamber of Commerce. Among other provisions approved by the commission, the agreement resolves recovery of coal ash basin closure costs in this case, allows for continued investment in infrastructure to further modernize the grid, and establishes a reserve to help mitigate the costs to restore service after major storms. (NOTE: Duke Energy Progress in South Carolina, separate from Duke Energy Carolinas in South Carolina, today made a similar request to change customer rates. It is too early to speculate as to what the companies will present to the (Public Service Commission of South Carolina) in their annual fuel cost-recovery filings this year, said Ryan Mosier, spokesman for Duke Energy. pv magazine offers daily updates of the latest photovoltaics news. Beef cattle agrivoltaics on an Oregon family ranch, Savant Systems releases 18.5 kWh home battery, The missing ingredient in U.S. solar policy, Roof-integrated solar takes 44% less time to install on new construction, Rondo announces 90 GWh heat battery factory. The division includes more than 3,400 megawatts of utility-scale solar, wind and battery storage power scattered across the country that it sells to other utilities and commercial customers. News Releases | Duke Energy | News Center from 8 AM - 9 PM ET. Duke Energy Progress, which serves about 175,000 customers in the northeastern part of the state, including Darlington, Florence and Sumter counties, submitted its annual fuel filing in April. Working today for a smarter tomorrow The company is deploying a new customer information system to give customers more information and options, and improve the overall customer experience; installing smart meters to give customers intelligent information to help them make smart choices to save energy and money before their bill is due, as well as improve the company's outage response when an outage occurs; seeking to offer customers the option of a pre-payment plan that can eliminate the need for deposits; and proposing the elimination of convenience charges for residential customers every time they use a credit or a debit card to make a payment. Follow Duke Energy onTwitter,LinkedIn,InstagramandFacebook. 4 South Carolina Thirtieth Revised Leaf No. Our current system puts all the risk on customers. Duke requested to raise rates in an annual filing with regulators on July 29. Rates will remain competitive and below the national average Changes come after a lengthy and very public process (NOTE: Duke Energy Progress in South Carolina, separate from Duke Energy Carolinas in South Carolina, also changed rates for its customers beginning June 1. Duke Energy Florida is proposing measures to cut the impact of new rates that take effect in January of 2022 by roughly a third. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Duke Energy Progress made its annual filing April 20 with the Public Service Commission of South Carolina as part of an annual adjustment of the actual cost of fuel used to generate electricity at its power plants. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. The Duke Energy Foundation's annual giving totals more than $30 million. More information about the company is available at duke-energy.com. The comprehensive agreement between the company and consumer, environmental and industrial groups in South Carolina was submitted in January in conjunction with a public hearing on the matter. That diverse fuel mix provides approximately 19,600 megawatts of owned electric capacity to about 2.5 million customers in a 24,000-square-mile service area of North Carolina and South Carolina. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Gov. Cmf~_4=Q({EhjwYT,G*hJZ&$ :"#=]6Q"5tt/txTG6W8Zk+4y .ve#Me2VV{W4kd;7S3u:@v,LX9vSI"s} o^Z0!^6px8Q! Recent whale and dolphin deaths, especially around New York and New Jersey, also have led some officials to raise warnings about the environmental impacts from the offshore wind farms. North Carolina's future energy roadmap rolled out amid criticisms, Christmas blackouts, Proposed bill could stymy North Carolina's offshore wind development, Your California Privacy Rights/Privacy Policy. Horry County, SC: Electric Rates From 3 Providers - FindEnergy | Privacy Policy. Hold Ctrl or Cmd to select multiple editions. 17 SCHEDULE WC (SC) RESIDENTIAL WATER HEATING SERVICE CONTROLLED / SUBMETERED INSTALLATION FEE Charleston, SC 29403, News tips/online questions: newstips@postandcourier.com, Delivery/subscription questions: subserve@postandcourier.com. Upstate ratepayers of Duke Energy Carolinas will see a 13 percent increase in their monthly electric bills if the S.C. Public Service Commission approves a request that's become common among regulated utilities this year. He moved to South Carolina in November 2019. Commercial accounts would see an average increase in their bills of about 18.3 percent, and industrial customers would be charged an extra 24.4 percent. As part of its work to deliver electricity that is cleaner than ever, Duke Energy has retired coal plants across the system Duke Energy no longer operates coal plants anywhere in South Carolina. The first version of the utilities commission's roadmap on reaching that carbon-reduction goal included offshore wind, but didn't place a figure on how much power from the towering turbines Duke be required to purchase. It also requires the Tar Heel State to reach net-zero . The company employs 28,000 people. Public Service Commission of South Carolina approves comprehensive settlement agreement with all parties, Agreement supports company's efforts to improve resiliency, maintain reliability and improve the customer experience. Your email address will not be published. Duke Energy Carolinas will demonstrate to the PSCSC why the proposed increase is appropriate through a public review process that includes an opportunity for public comment. Duke Energys cases are expected to take place after Dominions case is resolved. South Carolina customers with 12 months of service can now utilize the tool by signing in to their online account and going to the Billing & Payments drop-down menu. Users and advertisers might go elsewhere, The Post and Courier Scams and Fraud Stay informed. This site uses cookies. endobj Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: var html = new Date().getFullYear(); Reporter Gareth McGrath can be reached at GMcGrath@Gannett.com or @GarethMcGrathSN on Twitter. The new Critical Peak Pricing TOU rate gives residential customers another option that may better suit those with different energy usage patterns. Customers with secondary meters on nonresidential rates that meet select criteria may be eligible for a residential rate. x=ks7]/w%nE0dqI%;Je,67T|n`cHJq.U!n4~v;n/^-~b_^|~|\{~rgujdqw!5A.>WwqGb1,^{G6B,:YMR;now~;zppZ6G.8>,:zg|mGyt>_.c>O7_:?_ ;ZukD1@$\],Xo ? +OgT+%Pva=UF25.U5H_q&+:jQapWabp307enF)Qu7WJ@50H[3jg`x+La 52Rg"J|@iGd0Pq7e-#%q Tv%9z|tx?2K@MiZNHfTIpI i{k/&TvnZ~lHk+[]eT8 6>z0j&pwGm.k}x9&` v 0So4Z11FuW5r Earlier this year the Public Service Commission rejected Dukes attempt to plan for increased use of renewable energy. South Carolinas Public Service Commission approved Duke Energy Carolinas request to raise utility bills by 10.4%, which will amount to more than $12 per month for a typical residential customer. GREENVILLE, S.C. Work to modernize power plants and generate cleaner electricity, responsibly manage coal ash, improve reliability and continually enhance service is at the heart of a request by Duke Energy Carolinas to change customer rates in South Carolina. We also offer comprehensive global coverage of the most important solar markets worldwide. . GREENVILLE, S.C. Duke Energy Progress has reached a comprehensive agreement with all parties, including consumer, environmental and industrial groups in South Carolina, for its rate review request filed in September of last year. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook. The offshore wind industry, however, has run into stormy weather in recent months, with several partners in projects that are further along than the farms off North Carolina's coast primarily in the New England area looking to renegotiate their contracts with utilities due to rising construction costs, higher inflation and supply chain disruptions, and the war in Ukraine. The comprehensive agreement between the company and consumer, environmental and industrial groups in South Carolina was submitted in January in conjunction with a public hearing on the matter. Duke Energy Carolinas has requested that new rates, as approved by the PSCSC, go into effect June 1, 2019. Duke Energy Progress (DEP) Request for Rate Increase 2022-254-E Duke Energy Carolinas: Rates, Coverage Area, Emissions As noted in its Winter Fuels Outlook, which was released this month, the EIA expects wholesale prices for natural gas to be higher this winter than last winter. Duke Energy Carolinas is a subsidiary of Duke Energy (NYSE: DUK). But the agreement allowed the utility to come back and request a hike under unforeseen extraordinary or financial conditions.. Duke Energy Progress (DEP) filed an application to increase its rates by approximately 14.4% with the Public Service Commission of South Carolina (PSC) in September 2022. Its Gas Utilities and Infrastructure unit distributes natural gas to approximately 1.6 million customers in five states North Carolina, South Carolina, Tennessee, Ohio and Kentucky. These fuel cases will be rough, just to be blunt.. Roy Cooper has set North Carolina a goal of developing 2.8 gigawatts of offshore wind energy by 2030 and 8 gigawatts by 2040. Dominions request is under review by the states Public Service Commission, which rules on rate requests from investor-owned utilities. Rate Information - Duke Energy But federal scientists and other researchers say there remains no evidence connecting any recent whale death to what little activity, primarily survey and core work, that has occurred so far. Piedmont Natural Gas connects customers to utility assistance; provides energy-saving tips . The agreement will also impact the rates of commercial and industrial customers. All parties reach agreement in Duke Energy Progress rate review request Duke Energy Progress serves about 169,000 customers in the northeastern part of South Carolina, including Darlington, Florence and Sumter counties. The Time-of-Use Demand rate has been reconfigured to better align with today's mix of generation sources and the region's changing usage patterns. Norton said Duke Energy Carolinas' rates are "far below" most of our Southeastern peers and 33% below the national average. Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "America's Best Employers" list. Chance of rain 80%.. Thunderstorms. Our Rate Comparison feature was added with the implementation of our new, modernized billing platform. All rights reserved. The settlement also allows Duke Energy Progress a return on equity of 9.6% and an equity component of the capital structure of 52.43%. The Duke Energy News Center includes news releases, fact sheets, photos, videos and other materials. Additionally, investments related to both the expansion of carbon-free nuclear energy and the evaluation of options to extend the life of the company's existing nuclear fleet are an important part of the diverse energy mix that reliably serves customers every day. may now qualify for residential rate. "Even if the Utilities Commission approved full our rate . stream For additional resources, visit www.duke-energy.com/SCCarolinasRates. Nuclear, "The electric power grid is the backbone of South Carolina's digital economy not just today, but for decades to come," said Kodwo Ghartey-Tagoe, Duke Energy's South Carolina president. Real-time updates and all local stories you want right in the palm of your hand. The request also includes nuclear project development costs.
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