PWC Electricity Rates Jump Again | Fayetteville News

Fayetteville’s electricity rates are jumping again—starting September 1—after a brutal winter spiked demand and sent power costs soaring 50% over projections. PWC, already facing an $18.1 million shortfall from unexpectedly high wholesale prices with Duke Energy, can’t avoid the hike. While a new rate will cover $13.1 million, $5 million remains unaccounted for. Customers, especially those on fixed incomes, are feeling the squeeze—and some are urging PWC to generate its own power. The board chair admits no one likes raising rates, but the math doesn’t lie. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/56aa566991435f45