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.
-
Caitlin Clark ruled out for July 3 matchup against Las Vegas Aces
Indiana Fever star guard Caitlin Clark will be sidelined once again after she was ruled out on Wednesday, according to the Indiana Fever.
Weather Outlook: We're going to need plenty of ways to keep cool in July
It's a brand-new month, and it's time to look ahead to what kind of weather pattern we can expect in July.
ISP, advocates share advice for safe roads for the Fourth of July
As Hoosiers prepare to kick back and enjoy getting from point A to point B, safety is top priority.
Zionsville to honor resident and 2025 Indy 500 winner and Alex Palou
Alex Palou, the 2025 Indy 500 winner, will be honored in the town that he calls home on Monday, according to the Town of Zionsville.
