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.
-
IMPD encourages safety on Indy trails, seeing increase in prohibited e-bikes
As more people enjoy electric bikes and scooters, IMPD wants to ensure everyone stays safe and informed while using city trails.
Start of the 2025 Indiana apple season
In the heat of the summer, fall festivities may be the last thing on your mind. This week, several orchards across Indiana have their first apples of the season ready to go.
Downtown Indy Inc. launches survey to gather community perceptions
Your perception of downtown Indianapolis could vary depending on your experience. Now, Downtown Indy Inc. wants to hear from you about what you think of the downtown area.
Tariffs could fizzle Fourth of July firework celebrations
Ongoing tariffs on Chinese imports could dim these celebrations, affecting both prices and availability for consumers and local businesses alike.
