Duke Energy gets rate cut in tumble Consumer

Customers of Duke Energy, the states largest energy company, will see a rate cut this fall.

Dukes requested rebate will equivalent the 4.3 percent rate enlarge for residential business the association implemented in January.

Charlotte-based Duke is asking the N.C. Utilities Commission to cut the rate since the association has been utilizing less fuel to beget physical phenomenon during the mercantile downturn. The association can regulate the fuel apportionment of the rate once a year.

Dukes ask contingency still be authorized by the utilities commission and would go in to outcome Sept. 1.

The good will be short-lived, however. In January, 4 months after the rate decrease, Duke is raising the residential rate by 3.3 percent. That enlarge was formerly authorized by regulators as piece of a two-year phase-in, the initial proviso of that took place dual months ago.

Duke has some-more than 160,000 business in Durham, Chapel Hill and the horse opera Triangle.