In South Carolina, Duke Energy Progress makes a fuel cost recovery filing annually with the PSCSC (Public Service Commission of South Carolina). The fuel rate charged to its customers is based on the projected cost of fuel used to provide electric service to them, plus any adjustment to true-up the prior year’s projection. By law, Duke Energy Progress can make no profit from the fuel cost recovery portion of the customers electrical bills.
This summer, Duke Energy Progress South Carolina customers (169,000 in the northeastern part of South Carolina- including Darlington, Florence, and Sumter counties) may begin to see a decrease in their monthly fuel costs. They are proposing a decrease based on their annual adjustment of the actual cost of fuel used to generate electricity at its power plants.
If approved by the PSCSC, the new fuel rates will go into effect on July 1st. Under this proposal the typical residential customer, using 1,000 kilowatt-hours (kWh) per month, would see their monthly bill decrease from the current $122.49 to $120.54, a decrease of $1.95, or 1.6%. Commercial customers would see an average monthly decrease of about 2.1%, and industrial customers a decrease of about 4.4%.
To help South Carolina customers take control and manage their energy usage and bills, Duke Energy Progress offers energy-saving tips and innovative efficiency programs for every budget. For example, the Home Energy House Call is a free in-home energy assessment, valued at $180, designed to give Duke Energy customers more information about their energy usage and offer strategies to save money on their monthly bill.