Duke Energy Progress proposes update to costs of energy efficiency programs in South Carolina

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GREENVILLE, S.C. - Duke Energy Progress is committed to helping customers reduce energy consumption and resulting costs through energy-efficiency programs and assistance for low-income customers.

Through 2014, the company’s programs have enabled customers to reduce peak demand by almost 9 percent as a result of our energy efficiency programs. On Tuesday, Duke Energy Progress made its annual filing with the Public Service Commission of South Carolina (PSCSC) to recover the costs of implementing these programs.

The total monthly impact of the rate change for a residential customer using 1,000 kWh per month is an increase of $3.07. If approved, these customers’ bills would increase from $101.20 to $104.27 per month. The new rates would become effective Jan. 1, 2016.

For non-residential customers, the impact will vary based on the opt-out elections made by the customer. A non-residential customer that participates in all of the company’s programs and pays all rider amounts would see an increase of $3.57 per month for 1,000 kWh usage.

Rates have increased primarily due to a reduction in the recovery period for program costs and the inclusion of additional costs and incentives related to the implementation of new programs for both residential and non-residential customers.

The energy efficiency/demand-side management (EE/DSM) charge covers a portion of the cost of implementing energy efficiency programs and providing incentives to help customers take control of their energy usage and save money. The charge is reviewed annually by the PSCSC.

About Duke Energy

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.