RALEIGH, N.C., Nov. 29, 2012 /PRNewswire/ -- Progress Energy Carolinas residential customers in North Carolina will pay slightly less for electricity beginning Dec. 1.
As approved by the N.C. Utilities Commission (NCUC), the bill for a residential customer using 1,000 kilowatt-hours (kWh) per month will decrease from $105.15 to $104.06.
The decrease is similar to other decreases applied in 2009 and 2010.
In September, customers began seeing reductions in their bills related to Progress Energy's merger with Duke Energy (NYSE: DUK).Although Duke Energy Carolinas and Progress Energy Carolinas continue to operate as separate utilities, the merger agreements allow the companies to jointly dispatch power plants to reduce fuel expenses – thereby lowering the fuel costs passed on to customers. These changes are already saving residential customers 85 cents on a monthly 1,000 kWh bill. The additional decrease announced today reflects changes in three components of the rates N.C. residential customers pay. The changes, based on a monthly 1,000 kWh bill, include:
- A decrease of $1.54 in the monthly amount customers are charged for fuels used to generate electricity;
- An increase of 59 cents in the monthly charge used to pay for energy-efficiency and demand-side management programs; and
- A decrease of 14 cents per month in the charge for state-mandated renewable energy.