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Duke Energy Progress rate increase

Electric · North Carolina, South Carolina · Investor-owned utility · part of Duke Energy Corporation

Settlement pending

Last checked

In North Carolina, Duke Energy Progress has a pending increase of about +$9.62/month for a typical 1,000 kWh home starting January 1, 2027, if regulators approve the settlement.

Further step: +$5.89/month from January 2028.

Details and sources · Estimate for your home

Rate changes, newest first

2025 rate case and two-year rate plan (North Carolina)

Multi-year rate plan · North Carolina · Electric

Settlement pending

Typical residential bill (1,000 kWh/month)

  • +$9.62/mostarting January 1, 2027 (+5.7%)Settlement figure per Duke ($175.68 to $185.30); only applies if the Commission approves
  • +$5.89/mothen from January 2028 (+3.6%)Second-year step per Duke ($185.30 to $191.19)

Combined: +$15.51/mo (+9.3% total)

Typical bill before the change: $175.68/month

Proposed amounts; regulators may change them.

Filed
November 20, 2025
Decision expected
Not disclosed
Requested effective
January 1, 2027
Requested increase
$729 million
Approved increase
Pending
Docket
E-2, Sub 1380

Duke Energy Progress asked in Nov 2025 for $729 million over two years. An Aug 5, 2026 settlement with the Public Staff lowers this to $338 million with a 9.8% return on equity, about 9.3% for residential customers over two years. The Attorney General did not sign. No Commission order found as of Sept 29, 2026; rates would start Jan 1, 2027 if approved.

Utility's stated reasons

  • grid and power plant investments
  • infrastructure to serve growth
  • reliability
Sources (5) · Verified against regulator or utility filings

Last verified Sep 29, 2026

2026 rate stabilization adjustment request (South Carolina)

Other · South Carolina · Electric

Denied

Typical residential bill

Not stated for a specific usage level. Any figures the sources give are in the summary below.

Filed
March 13, 2026
Decided
July 13, 2026
Effective
Not disclosed
Requested increase
$36.63 million
Approved increase
Not disclosed
Docket
2026-78-E

DEP opted into South Carolina's new electric rate stabilization adjustment and sought a $36.6 million increase (about $10.20/month for a typical home from Aug 1, 2026, per SC Consumer Affairs). Regulatory Staff agreed to $24.3 million, but the PSC denied any 2026 adjustment based on 2025 results. DEP appealed to the SC Supreme Court.

Utility's stated reasons

  • annual adjustment under the 2025 South Carolina Energy Security Act (eRSA)
Sources (5) · Verified against regulator or utility filings

Last verified Sep 29, 2026

Winter 2026 fuel cost recovery (North Carolina)

Fuel / purchased power · North Carolina · Electric

Approved

Typical residential bill

Not stated for a specific usage level. Any figures the sources give are in the summary below.

Filed
April 2026
Decision expected
—
Effective
Not disclosed
Requested increase
Not disclosed
Approved increase
Not disclosed
Docket
E-2, Sub 1358

DEP asked to recover a projected $309 million fuel and purchased-power under-collection (Sept 2025 to Feb 2026) over 19 months starting June 1, 2026, estimated at about $7.88/month more for an average customer. WRAL reported in July 2026 that regulators had approved the adjustment and it was on bills.

Utility's stated reasons

  • fuel and purchased-power costs above forecast
  • record demand during the January 2026 cold snap
Sources (3) · Based on news or utility announcements

Last verified Sep 29, 2026

2025 base rate case (South Carolina)

Base rate case · South Carolina · Electric

In effect

Typical residential bill (1,000 kWh/month)

  • +$11.23/mostarting February 1, 2026 (+7.8%)Net of tax-credit and customer-assistance bill credits, per the PSC order; Duke's release says about $11.20 ($153.82 to $165.02)
Filed
June 12, 2025
Decided
November 20, 2025
Effective
February 1, 2026
Requested increase
$74.8 million
Approved increase
$51.19 million
Docket
2025-154-E

DEP sought a $74.8 million (12.1%) increase with a 10.85% ROE. The PSC approved a settlement with a $51.2 million base increase and 9.99% ROE; tax-credit and assistance credits bring the net increase to about $40.4 million. A typical 1,000 kWh bill rose about $11.23 (7.8%) from Feb 1, 2026 (Order No. 2025-757).

Utility's stated reasons

  • transmission and distribution investments for reliability and resiliency
  • higher cost of capital
  • generation fleet maintenance and coal ash compliance
  • larger storm reserve
Sources (3) · Verified against regulator or utility filings

Last verified Sep 29, 2026

What it could mean for your bill

Sources state the impact for one typical home. Enter your own usage or bill for a rough estimate.

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Who decides

  • North Carolina Utilities Commission (North Carolina) · Search dockets
  • Public Service Commission of South Carolina (South Carolina) · Search dockets

Utility website: www.duke-energy.com

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Last checked Oct 2, 2026. Spotted something out of date? Tell us.