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.
-
Federal charges filed against suspect in Hailey Buzbee case
Federal prosecutors have filed criminal charges against Tyler Thomas, the 39-year-old man accused in the disappearance of 17-year-old Hailey Buzbee.
Indianapolis International Airport sets passenger record with 10.6M travelers
Indianapolis International Airport set a new passenger record in 2025, with fresh travel numbers released showing 10.6 million travelers passed through the airport last year.
IU plans for a bronze statue of former coach Bob Knight in Assembly Hall lobby
Indiana plans to build a bronze statue of longtime coach Bob Knight inside Assembly Hall, where he led the Hoosiers to national championships in 1976, 1981 and 1987.
Indiana plans for a bronze statue of former coach Bob Knight
Indiana plans to build a bronze statue of longtime basketball coach Bob Knight inside Assembly Hall, where he led the Hoosiers to national championships in 1976, 1981 and 1987.
