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.
-
1 dead after east side Indianapolis shooting
One person is in critical condition after a shooting on the east side of Indianapolis. Police said one person of interest has been detained.Vehicle crash in Beech Grove leaves 1 critically injured
The crash happened around 1 p.m. in a neighborhood near Churchman Ave. According to officials on the scene, one person was critically injured.Pacers vs. Knicks: old-school playoff rivals who play a new-age game
Back when the New York Knicks would annually march on in the playoffs, they’d almost always run into the Indiana PacersIMPD locates missing elderly woman with Dementia
According to the department, 70-year-old Joan Crockett was last seen at 9:30 a.m. on Sunday. Police said she was last seen in the 7700 block of Battery Pointe Way.