Proposed Electric Rate Hike Would Make SC Duke's Most Expensive - WSPA.com

Proposed Electric Rate Hike Would Make SC Duke's Most Expensive

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Duke, based in Charlotte NC, is seeking it's third rate increase Duke, based in Charlotte NC, is seeking it's third rate increase

The 16% rate increase proposed by Duke Energy for its South Carolina customers would make the Palmetto State power Duke's most expensive.

Duke, based in Charlotte NC, is seeking it's third rate increase in four years.  Last year the company asked for a 17% increase but state regulators only approved 6%.

Based on an average power bill, using 1,000 kilowatt hours of energy, approval of this current proposal would raise South Carolina's price to $118.28.

That would be more expensive than any other state Duke Energy serves.

"We work diligently to manage our costs and we're very efficient in how we run our business," said Greenville-based Duke spokesman Ryan Mosier.

According to the Duke Energy website Kentucky customers, even after a rate increase this year, pay about $92 for the same 1,000 kWh of power.

In North Carolina a rate increase bumped the price to $111.39.  Florida customers pay $116.06, Indiana $105.38, Ohio pays $117.58.

Those annual increase have been much smaller in other states than the proposed South Carolina increase as well.

North Carolina prices will jump 5.5% over two years.  In Ohio the price crept up by 3.3%.

"Each jurisdiction is different. Every state is different, the way regulators work in each state is different." Mosier said. "The rate for Duke Energy customers in South Carolina is one of the lowest in the southeast and one of the lowest in South Carolina, especially if you look at South Carolina Electric and Gas or Santee Cooper."

Any South Carolina rate increase will need approval of the state Public Service Commission which has, in the past, give the company smaller hikes than requested.

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