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Duke Energy Rate Hike Proposal Sparks Concerns over Rising Costs, Clean Energy

Duke Energy says the rate hike will fund grid upgrades and reliability improvements amid 150,000 new customers; average bills could rise by $34 monthly by 2028.

Summary by CBS 17
RALEIGH, N.C. (WNCN) — A standing-room-only crowd packed into the North Carolina Utilities Commission in downtown Raleigh Monday night as dozens of residents, business leaders and advocates weighed in on Duke Energy’s proposed rate increase. Duke Energy is asking regulators to approve an 18% increase in residential electric rates over the next two years, a [...]

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Wral News broke the news in Raleigh, United States on Monday, March 30, 2026.
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