Duke Energy, NC officials reach settlement over proposed rate hikes

CHARLOTTE, N.C. — After months of back-and-forth, Duke Energy and North Carolina officials have reached a compromise on how much rates will rise for energy customers over the next two years.

If approved by regulators, a typical Duke Energy customer could see their electric bill increase about $9.39 a month starting in 2027, followed by a $5.52 increase in 2028. That’s a total of 11.6%, down from the 18% that Duke initially proposed.

“We believe this is a meaningful compromise – one that will keep customer rates low while still allowing us to make the needed investments to serve North Carolina’s growing economy,” Duke Energy spokesperson Bill Norton told WCNC Charlotte…

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