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
-
Ballard secures signatures needed for November ballot amid fraud controversy
Independent Secretary of State candidate and former Indianapolis mayor Greg Ballard announced his campaign has submitted the petition signatures needed to secure a spot on the November ballot.
Speedway Police searching for missing 15-year-old girl last seen June 16
Jaylena Smith, a 15-year-old Black female, was last seen on the west side of Indianapolis in Speedway on June 16, 2026, between 8:30 a.m. and 10:30 a.m.
Terrific Tuesday, high heat and humidity return by the weekend
Beautiful weather for today with sunny skies and low humidity. Spotty showers and storms through the end of the week and weekend.
Clark scores 24, Kelsey Mitchell adds 22 and the Fever beat the Mercury 86-77
Caitlin Clark had 24 points and nine assists, Kelsey Mitchell scored 22 points, and the Indiana Fever overcame a 13-point, first-quarter deficit to beat the Phoenix Mercury 86-77 on Monday night.
