INDIANAPOLIS — One week after AES filed to reduce rates for customers, Duke Energy has done the same thing.
The Indiana Utility Regulatory Commission (IURC) approved Duke’s request to lower bills by 16%.
According to the company, average residential customers use about 1,000 kWh per month and will see their bill decrease by $26. The decrease will be in effect from April through June.
Duke says the reason for the decrease is fluctuating fuel costs. Electric bills in 2022 were higher due to an increase in fuel that affected the cost of power utilities.
“Fuel and purchased power can account for as much as 25% to 45% of an average residential customer’s bill, so when the markets are volatile, it can have a big impact on energy bills,” said Duke Energy Indiana President Stan Pinegar. “We’re starting to see costs stabilize, and the Indiana Utility Regulatory Commission has approved our request to pass those savings along to customers.”
This is the second rate decrease Duke Energy has filed for this year.
The first decrease of 5.5% was approved for Jan. through March.
-
IMS Museum breaks ground on new Restoration and Event Center
The IMS museum's new Restoration and Event Center is now under construction, where skilled team members will work to preserve cars from previous Indianapolis 500 races.
Fishers police recover more than 200 pounds of marijuana in I-69 traffic stop
Hamilton County prosecutors have filed drug charges against two men who were reportedly caught with hundreds of pounds of marijuana and thousands of THC cartridges in their car.
IFD installs over 130 smoke alarms in door-to-door safety push
A citywide safety push put new smoke and carbon monoxide alarms in dozens of Indianapolis homes Tuesday, with crews set to go door-to-door again Wednesday morning.
Indianapolis firefighters install over 130 smoke alarms in door-to-door safety push
