Duke Energy Proposes Rate Hike in South Carolina

Duke Energy has submitted a proposal to the Public Service Commission of South Carolina (PSC) seeking a rate increase for its customers across the state.

 

The utility company is requesting an overall revenue increase of approximately $150 million, which translates to a 7.7% hike in rates.

 

If approved, the average residential customer consuming 1,000 kilowatt-hours per month would see their monthly bill rise by about $10.38.

 

Commercial customers are projected to experience an average increase of 5.4%, while industrial customers would face an average increase of 5.2%.

 

Ryan Mosier, a spokesperson for Duke Energy, emphasized that the proposed rate adjustment is intended to fund investments aimed at strengthening the grid, enhancing storm preparedness, and improving the efficiency of power plants.

 

He stated, "These are the types of costs and investments we've made into our system to strengthen the grid, to improve poles and wires and substations, to make power plants more efficient and even get more power out of them."

In response to the proposal, the PSC has scheduled a series of public hearings to gather input from consumers.

 

One such hearing took place on Monday at the Anderson County Council chambers, where community members voiced their opinions.

 

During the session, a resident expressed a preference for cleaner energy solutions, stating, "I prefer truly clean energy, and no nuclear waste and more of it. I'm glad you're doing some. Thank you. But let's have that be the majority, especially on factories, data centers, etc."

 

Duke Energy representatives were present to address concerns and answer questions.

 

Mosier highlighted the importance of these interactions, noting, "A lot of times they'll show up with an issue or a concern or even just a question that we can answer on the spot, that we can potentially solve on the spot. So it's very important for us to be part of this process too."

 

The PSC is expected to make a decision on the rate increase by early 2026.

 

If approved, the new rates would go into effect on March 1, 2026.

 

Additional public hearings are scheduled to provide further opportunities for community input.

 

The next hearing is set for 6 p.m. on Tuesday at Greenville Technical College.

 

Residents are encouraged to participate and share their perspectives on the proposed rate adjustments.

 

For more information on the hearing schedule and how to participate, please visit the PSC's official website.