Duke Energy seeks three-year, 16% rate hike in North Carolina

Duke Energy Progress has filed for its first multiyear rate hike, asking North Carolina regulators for a total increase of 16 percent by the end of 2025. That amounts to $615 million in additional revenue by then.

For typical residential customers, their average monthly bill would increase 18.7 percent by Oct. 1, 2025, to $151.98, Duke estimates. That would be an increase of more than $25 from the current average of $126.43 a month.

Aware of the impact on low-income customers, Duke Progress —…


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