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Duke Energy Carolinas proposes cut in fuel rates for SC customers

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Duke Energy Carolinas proposes cut in fuel rates for SC customers

projects that its South Carolina customers will save more than $5 per monthunder the utility's latest fuel cost recovery filing with state regulators.

TheDuke Energy Corp.subsidiary filed its new fuel rates July 22 with the Public Service Commissionof South Carolina.

Ifapproved, the new rates would go into effect Oct. 1 and "would be thelowest since 2006," DEC said in a July 22 news release.

Thebill for a typical residential customer using 1,000 kWh per month woulddecrease to $110.92 from $116.57, or 4.8%, according to DEC. General servicecustomers would see about a 6.4% decrease in the fuel charge and industrialcustomers would receive an average decrease of about 10.5%, the company said.

DECattributes the decrease in fuel rates to lower projected coal and natural gasprices, coupled with a $55 million over-collection amount in true-up costscompared to the $20 million under-collection amount in .

Thefuel component includes base fuel costs, PURPA purchased power capacity costs,Distributed Energy Resource Program avoided costs, and environmental costs. (DocketNo. 2016-3-E)