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:
- 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.