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.
-
Hendricks County investigating death of 11-year-old girl in Stilesville
Officials in Hendricks County are investigating following the death of an 11-year-old girl on Saturday.
East side Indianapolis residents rally to save Ransburg YMCA
Community members rallied Saturday morning to save the Ransburg YMCA on Indianapolis' east side, which is set to close permanently on March 31.
Person killed in single-vehicle crash on Indy's southeast side
IMPD is investigating a deadly crash that happened on the southeast side of the city early Saturday morning.
Hoosiers across Indy metro protest immigration enforcement in Indiana
There have been major developments in Indiana regarding U.S. Immigration and Customs Enforcement this week, sparking protests across the city.
