Duke Energy proposing higher rates for SC customers
Duke Energy Carolinas wants an increase in revenue to invest in stronger power grid systems.
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Show Notes
Duke Energy Carolinas wants to raise monthly electric bills $10.38 for residential customers in South Carolina starting March 2026.
Duke Energy requested the rate hike because it wants a 7.7% increase in annual revenue, about $150.5 million, to support investments in power grids, improve storm readiness and enhance its generating fleet.
Residential customers would see the highest price hike. The ten dollar increase equals an approximate 7% increase in monthly bills. Commercial and industrial customers will see an increase of about 5.4% and 5.2% respectively.
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