Duke Energy proposing higher rates for SC customers

Duke Energy Carolinas wants to raise monthly electric bills $10.38 for residential customers in South Carolina starting March 2026.  Duke Energy requested the rate hike because it wants a 7.7% increase in annual revenue, about $150.5 million, to support investments in power grids, improve storm readiness and enhance its generating fleet.  Residential customers would see the highest price hike. The ten dollar increase equals an approximate 7% increase in monthly bills. Commercial and industrial customers will see an increase of about 5.4% and 5.2% respectively. Read more: https://www.wcnc.com/article/money/duke-energy-higher-rates-sc-customers/275-942ba1f4-8a6a-45cb-8b4e-eab27eada12cWCNC Charlotte To Go is a daily news and weather podcast you can listen to so you can start your day with news that impacts you from the team at WCNC Charlotte.  SUBSCRIBE: Apple Podcasts || Spotify || Pandora || TuneIn || Google Podcasts || iHeartAll of WCNC Charlotte's podcasts are free and available for both streaming and download. You can listen now on Android, iPhone, Amazon, and other internet-connected devices. Join us from North Carolina, South Carolina, or on the go anywhere.