{"id":6296,"date":"2026-07-18T06:04:18","date_gmt":"2026-07-18T06:04:18","guid":{"rendered":"https:\/\/raleighmovingnews.com\/?p=6296"},"modified":"2026-07-18T06:04:18","modified_gmt":"2026-07-18T06:04:18","slug":"duke-energy-reduces-proposed-rate-increase-by-more-than-half","status":"publish","type":"post","link":"https:\/\/raleighmovingnews.com\/?p=6296","title":{"rendered":"Duke Energy reduces proposed rate increase by more than half"},"content":{"rendered":"
\n

RALEIGH, N.C. (WNCN) \u2014 Duke Energy, the utility provider for much of North Carolina, including the state\u2019s largest cities, has reduced its proposed rate increase for the second time in less than a month.<\/p>\n

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On Friday, the utility company said Duke Energy Carolinas would be lowering its requested rate hike to an average of 3.7% over two years. The original proposal was to raise costs 18% for residential customers, but after objections from the public as well as North Carolina Attorney General Jeff Jackson, Duke Energy Carolinas lowered it to 11.6% on June 22.<\/p>\n

\u201cIn light of the cost pressures our customers are facing, along with continued conversation with other stakeholders, we felt we had to do more,\u201d said Kendal Bowman, Duke Energy\u2019s North Carolina president, said in a news release Friday. \u201cWe appreciate our stakeholders\u2019 engagement in finding a path that allows us to more cost-effectively serve the Tar Heel State.\u201d<\/p>\n

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The reduced rate is in a new agreement between the company and the North Carolina Utilities Commission. The power company said it is also going \u201cto pursue similar terms for its Duke Energy Progress customers.\u201d<\/p>\n

The North Carolina Utilities Commission still needs to approve the rate increase. If it is approved, the new rates will go into effect on Jan. 1, 2027.<\/p>\n

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RALEIGH, N.C. (WNCN) \u2014 Duke Energy, the utility provider for much of North Carolina, including the state’s largest cities, has reduced its proposed rate increase for the second time in less than a month. On Friday, the utility company said Duke Energy Carolinas would be lowering its requested rate hike to an average of 3.7% […]<\/p>\n","protected":false},"author":1,"featured_media":6295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nDuke Energy reduces proposed rate increase by more than half - Raleigh Moving News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/raleighmovingnews.com\/?p=6296\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Energy reduces proposed rate increase by more than half - Raleigh Moving News\" \/>\n<meta property=\"og:description\" content=\"RALEIGH, N.C. 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