Progress Energy files request to lower customers' rates

Posted June 4, 2010 5:44 p.m. EDT

— For the second straight year, Progress Energy Carolinas has filed a request to lower the rates paid by its 1.5 million North Carolina customers, the company announced Friday in a news release.

If approved by the state Utilities Commission, the change will save a typical household nearly $50 next year, according to the company.

The rate request has three main parts:

  • a decrease in the monthly amount customers are charged for fuels used to generate electricity ($5.60 reduction on a residential 1,000-kilowatt-hour bill);
  • an increase of $1.53 in the monthly charge used to pay for energy efficiency and demand-side management programs;
  • and a decrease of 5 cents a month in the charge for renewable energy.

The net impact of the three filings is a monthly reduction of $4.12 on a 1,000-kWh residential bill, or $49.44 over 12 months. If approved as filed, the average net reduction will be 4.6 percent for commercial customers and 4.4 percent for industrial customers.

For the residential customer using 1,000 kWh, the total monthly bill will be reduced to $101.89 from the current $106.01, if the request is approved by the Utilities Commission. The new rates are scheduled to take effect Dec 1.