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Stock impact report

Duke Energy Carolinas announces rate decrease. How much you could save starting Wednesday [Yahoo! Finance]

Duke Energy Corporation (Holding Company) (DUK) 
Last duke energy corporation (holding company) earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: duke-energy.com/our-company/investors
Company Research Source: Yahoo! Finance
see an approximate $8.96 decrease in their monthly electric bill, according to a news release. A typical customer who uses about 1,000 kilowatt-hour s per month will see about a 6.2% decrease in their rate, Duke said. So an average monthly bill of about $144.31 will go down to $135.35. A kilowatt-hour measures the amount of electricity being used. One kilowatt-hour is equivalent to having a television on for about 10 hours. Duke adds that this payment is about 22% below the national average electric bill, which sits around $174.21. Commercial and industrial consumers will also see a decrease in their bills by about 11.5% and less than 1%, respectively. Why the change? Natural gas prices have decreased, according to the release. Every year, the North Carolina Utilities Commission reviews the cost of fuel needed to generate electricity. Since natural gas prices decreased in 2024, according to the release, electrical payments from customers can also go down. Besides falling Show less Read more
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