INDIANAPOLIS – Duke Energy customers in Indiana can expect their bills to increase soon.
Recently, the Indiana Utility Regulatory Commission (URC) approved a request from Duke Energy for a rate hike that equated to roughly a 16% increase for residential customers.
Duke applied for the rate change in April and the rate change will take effect in July and last through September.
In a statement to WRTV, Duke Energy said the change is due to the high sustained prices for fuel.
Duke Energy is seeing the highest sustained prices for fuel that we have witnessed in a decade. Global demand and tight fuel supplies as well as labor shortages at coal mines and railroads are affecting the cost of the power we produce as well as what we purchase in the energy markets. These are not permanent rate increases. Fuel costs rise and fall, and we pass those costs to our customers with no profit, so customers pay what we pay. Our priority is to purchase fuel at the best possible price, through steps such as long-term contracts and using a diversity of suppliers.
To lessen the impact on customer bills, we are spreading recovery of some of these fuel costs over a longer period to reduce the rate impact. If you are struggling financially to pay your electric bill, contact us at 800.521.2232. We can discuss payment plans and resources for help.
Duke Energy
A Duke Energy spokesperson also emphasized that the rate increase is not permanent. Rates rise and lower based on fuel costs and the rates are adjusted four times per year.
Latest Stories
-
Putnam County reports confirmed measles case
The Putnam County Health Department has confirmed a case of measles in the area, according to a recent social media post.Man arrested in hit-and-run that left bicyclist critically injured
The Indianapolis Metropolitan Police Department has arrested a 53-year-old man for his alleged involvement in a hit-and-run incident that left a bicyclist in critical condition.DPW: 1,100+ grave shafts discovered during Henry Street Bridge Construction
In a recent update on the Henry Street bridge construction over the White River, Indy DPW reported the discovery of over 1,100 grave shafts within the right of way of the historic Greenlawn Cemetery.Explore what's new at the 2025 Indiana State Fair!
The 2025 Indiana State Fair is ready to rock your summer with a mix of brand-new attractions and fan favorites, all under the theme “The Soundtrack of Summer.”