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Progress Energy lowers rates

Posted November 19, 2010

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— Progress Energy customers in North Carolina will pay a little less for electricity starting Dec. 1.

Company spokesman Mike Hughes said that the lower rates will save the typical residential customer $4.11 a month, or about $50 a year.

The North Carolina Utilities Commission approved three rate changes this week:

As the temperature drops outside, your thermostat inside usually goes up as well as your heating bill. There are some ways you can keep the cost down while you stay warm.(WRAL-TV5 News) Help with energy bills

  • A decrease in the monthly amount customers are charged for fuels used to generate electricity
  • An increase of $1.56 in the monthly charge used to pay for energy-efficiency and demand-side management programs
  • A decrease of 7 cents a month in the charge for state-mandated renewable energy

“We are very pleased to be able to lower prices for our customers,” said Lloyd Yates, CEO and president of Progress Energy Carolinas. “Every dollar counts, particularly for our customers who are struggling in this difficult economy. We continue to focus on keeping electricity affordable, reliable and environmentally sound for the households and businesses that depend on us.”

For residential customers using 1,000 kilowatt-hours a month, their bill would fall from $106.30 to $102.19, Hughes said.

Progress Energy has about 1.3 million customers in North Carolina.

41 Comments

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  • delilahk2000 Nov 22, 2010

    THANK YOU FOR NOT TRYING TO TAKE MORE FROM US LIKE THE GOV. HAS BEEN DOING. THANK YOU, EVERY LITTLE BIT HELPS.

  • CharmedLife Nov 22, 2010

    Well, frankly, it's about time a company lowered it's prices! It might not seem like alot, but every little bit helps.

  • Haygrower Nov 19, 2010

    love the ceo concern about helping people ---right how many million does he make a year---Don't we just love the energy-communications -insurance -providers--things we are forced to have and they rip us off

  • justanothercomment4u Nov 19, 2010

    It's not just Europe... many states including Texas have several providers they can select!

  • aspenstreet1717 Nov 19, 2010

    Do you know that in some European countries you have a choice of electricity providers?? Why do we have just one??

  • indrdw Nov 19, 2010

    Love the comments but the truth is that a lot of people barely get by, especially seniors. I am talking about honest working people that have a mortgage or own their home. Between taxes, health insurance, groceries, required insurances, medicine and transportation people are pretty much going to have to change their way of life.
    YES, we shouldn't whine - I am just saying our standard of living has to change and that is will as more people are out of work. We do have more than people in other nations but do you really want to live like those people. Maybe we better get used to it and start preparing our children now.

  • dukern14 Nov 19, 2010

    So they are lowering the rates now when use is at its lowest but I'm sure they will increase once the summer comes around again $$$ !!!

  • davidkresge1 Nov 19, 2010

    Hopefully Duke Energy will do the same.

  • godnessgracious Nov 19, 2010

    Don't thank Progress Energy, its the Utility Commission that is fighting for us.

  • sammyg Nov 19, 2010

    Gee, micah, I wish I could be you....except without all that holier-than-thou stuff...

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