INDIANAPOLIS — One week after AES filed to reduce rates for customers, Duke Energy has done the same thing.
The Indiana Utility Regulatory Commission (IURC) approved Duke’s request to lower bills by 16%.
According to the company, average residential customers use about 1,000 kWh per month and will see their bill decrease by $26. The decrease will be in effect from April through June.
Duke says the reason for the decrease is fluctuating fuel costs. Electric bills in 2022 were higher due to an increase in fuel that affected the cost of power utilities.
“Fuel and purchased power can account for as much as 25% to 45% of an average residential customer’s bill, so when the markets are volatile, it can have a big impact on energy bills,” said Duke Energy Indiana President Stan Pinegar. “We’re starting to see costs stabilize, and the Indiana Utility Regulatory Commission has approved our request to pass those savings along to customers.”
This is the second rate decrease Duke Energy has filed for this year.
The first decrease of 5.5% was approved for Jan. through March.
-
1984: Jukebox collection, classic cars fill new 1950s-themed restaurant
Jim Head began collecting jukeboxes in 1976. Head displayed some of that collection inside Sha-Boom's, a restaurant he opened in November 1984.
IMPD locate missing 6-month-old boy safely
IMPD announced a six-month-old baby who was reported missing on Wednesday night has been located safely.
Retailers say they're ready for potential Trump tariffs
President-elect Trump is promising major tariffs that could impact retailers and their consumers. Here's how businesses say they may have to change their operations.
It's been 278 days without measurable snow in Indy; this changes Thursday.
It's been a while since Indy has seen snow, so here are a few reminders, specifically relating to your car.
