Duke Power is raising electric rates so that they can develop future renewable energy sources. North Carolina renewable energy standards allow the utility to increase rates to support future sources so they can meet the state’s renewable energy standards. The utility already has fees in the rates. The rate increases are $0.35/MWh for consumers for Duke Energy customers and $0.63/Mwh for Duke Energy Progress customers. I’m sure all the folks in North Carolina are happy to be doing their small part for renewable energy.
I haven’t heard how much the rates going up to pay for coal ash cleanup.