Thursday, July 18 2024

Duke Energy Carolinas got the green light to increase its rates after approval from the Public Service Commission. The energy company put in for a rate review request back in January. Its to cover costs of investments made for system reliability such as upgrades to power plants and poles. The increases will range from 4.4% to 8.7% on average. In a statement by Duke Energy South Carolina, they say it marks the first base rate increase requested by the company since 2018. Locally the rate hike will effect about 39,000 each in York and Lancaster County. For Chester, nearly 15,000 will be impacted. On average the increase could be about 151 dollars for residential customers annually. The new rates change on August 1st.

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