Power you can rely on
Duke Energy Progress is committed to delivering clean, reliable, affordable power today and for years to come.
Many factors – including fuel costs, environmental regulations, infrastructure improvements and changing energy demand – affect the cost of producing electricity, and, in turn, the price you pay.
At Duke Energy Progress, we continuously balance these factors to ensure reliable electricity, cleaner air and the best price possible for our customers. It’s all part of our commitment to the more than 1.5 million families and businesses that depend on us every day.
We also work hard to balance the needs and requirements of all our stakeholders. By keeping them in balance, we are able to meet our fundamental commitment to deliver clean, reliable, affordable power and plan for a secure energy future.
Electric rates are set by the state
Duke Energy Progress is a regulated utility. Therefore, unlike other businesses, we do not set the prices our customers pay. Instead, our rates must be reviewed and approved by the state’s utility commission (the North Carolina Utility Commission and the Public Service Commission of South Carolina).
How rates are set
As a regulated utility, Duke Energy Progress is allowed to recover the costs necessary to ensure reliable power and the opportunity to earn a reasonable rate of return. That return is used to fund new infrastructure improvements and to compensate our shareholders and bondholders for their investments in the company.
Duke Energy Progress goes through a detailed public process when requesting a change in our prices. Here’s how the process works.
Duker Energy Progress Rates & Tariffs
Documents containing Duke Energy Progress' retail rate schedules, retail tariffs and wholesale transmission rates can be found under the rates and tariffs section on duke-energy.com. Choose from the links below for direct access to your information.
Your bill includes multiple parts
Your electric bill is actually made up of several cost components, each of which is subject to review and approval by the state’s utility commission. This example shows a detailed breakdown of the various costs using the current 1,000 kilowatt-hour residential bill.
Investing for today and tomorrow
Duke Energy Progress is committed to delivering clean, reliable, affordable power to the more than 1.5 million customers who depend on us each day. To achieve that, we invest millions of dollars and countless hours each year in the planning, building and operating of our complex system.
Your rates are an important part of how we fund these essential expenses and repay the shareholders and bondholders who help make such large investments possible
Click on the graphic to learn more.
To make every dollar count, we work to be as efficient and prudent as possible, and to balance affordability in the present with investments for the future. All so that we can continue to deliver clean, reliable, affordable power today and for years to come.