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.
-
Man allegedly caught twice on the same day stealing catalytic converters
A man was caught red-handed stealing catalytic converters from cars in an east Indianapolis lot, and police say he came back for more on the same day.
Carmel leaders planning $1.5 million transformation to Rangeline Road
Carmel is investing $1.5 million to redesign what they call a problematic and underutilized bike lane along Rangeline Road after pedestrian safety concerns.
100 days until the Indy 500: A chat with INDYCAR and IMS President
INDYCAR and IMS President Doug Boles joined WRTV in the studio on Friday to talk about the significance of this day and whether he thinks the 110th running will be a sellout.
IMPD: Man charged with dealing drugs that led to fatal overdose
An Indianapolis man is facing charges after police say he sold drugs that killed someone last September.
