{"id":12618,"date":"2026-03-04T20:33:35","date_gmt":"2026-03-04T20:33:35","guid":{"rendered":"https:\/\/www.solar.com\/learn\/?p=12618"},"modified":"2026-03-04T20:36:49","modified_gmt":"2026-03-04T20:36:49","slug":"duke-energy-carolinas-rate-increase","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/duke-energy-carolinas-rate-increase\/","title":{"rendered":"Duke Energy Carolinas Electric Rate Increases: What Customers Need to Know"},"content":{"rendered":"<p>After raising rates each of the last three years, Duke Energy Carolinas (DEC) is proposing another series of rate hikes, beginning with a 12% increase to residential bills in early 2027.<\/p>\n<p>While 2026 will see the final &#8220;Step 3&#8221; increase from the previous 2023 rate case, the utility has officially <a href=\"https:\/\/starw1.ncuc.gov\/NCUC\/ViewFile.aspx?Id=6c8de290-9065-4c5c-a422-4c1abbd95b84\" target=\"_blank\" rel=\"noopener\">filed a new proposal<\/a> for 2027 and 2028 that significantly escalates costs for North Carolina households.<\/p>\n<p>&nbsp;<\/p>\n<gs-injectable background = 'true' border='true' primary_color = '#8b72d3' secondary_color='#f98d7e' utm_campaign = 'get_started_injectable' utm_medium='Duke Energy Carolinas rate increase 2026' content_texts = 'true' upper_text='Get custom solar proposals' upper_text_span = 'for your home' lower_text='Take control of your electricity costs' lower_text_span = 'before new rate hikes kick in' get_started_text='Get started' only_community_solar='false'><\/gs-injectable>\n<p><span style=\"color: #ffffff;\">*<\/span><\/p>\n<h2>At-A-Glance: Duke Energy Carolinas Rate Impact<\/h2>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 50%;\">Metric<\/td>\n<td style=\"width: 50%;\">Details<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Utility Company<\/td>\n<td style=\"width: 50%;\">Duke Energy Carolinas (DEC)<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Requested Total Revenue Increase<\/td>\n<td style=\"width: 50%;\">$1 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Year 1 Residential Bill Increase (2027)<\/td>\n<td style=\"width: 50%;\">$17.22 per month<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Year 2 Residential Bill Increase (2028)<\/td>\n<td style=\"width: 50%;\">$6.34 per month<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Average Monthly Bill in 2028<\/td>\n<td style=\"width: 50%;\">$168.54 (for 1,000 kWh usage)<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50%;\">Status<\/td>\n<td style=\"width: 50%;\">Pending NCUC Approval<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2>Why Is Duke Energy Carolinas Asking for Higher Rates?<\/h2>\n<p>According to the filing, Duke Energy is requesting a massive revenue boost to support an $8.3 billion investment plan. This plan is driven by North Carolina\u2019s rapid population growth and the massive energy demands of new manufacturing and data centers.<\/p>\n<p data-path-to-node=\"9\">Key drivers include:<\/p>\n<ul data-path-to-node=\"10\">\n<li>\n<p data-path-to-node=\"10,0,0\"><b data-path-to-node=\"10,0,0\" data-index-in-node=\"0\">Grid Modernization:<\/b> $3.2 billion for 436 projects aimed at &#8220;self-healing&#8221; grid technology and storm resilience.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,1,0\"><b data-path-to-node=\"10,1,0\" data-index-in-node=\"0\">Energy Storage:<\/b> $1.7 billion for battery storage to replace retiring coal plants.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,2,0\"><b data-path-to-node=\"10,2,0\" data-index-in-node=\"0\">Nuclear &amp; Renewables:<\/b> Over $900 million for nuclear license renewals and 276 MW of new solar capacity.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,3,0\"><b data-path-to-node=\"10,3,0\" data-index-in-node=\"0\">Greater Return on Equity:<\/b> Duke is requesting to increase its Return on Equity (ROE) to 10.95%, one of the highest requested ROEs in the industry nationwide.<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>How Will the Proposed Rates Impact Your Bill?<\/h2>\n<p data-path-to-node=\"12\">For a typical family in North Carolina using 1,000 kWh per month, the proposed increases represent a permanent shift in the cost of living. By 2028, the average monthly bill is projected to be <b data-path-to-node=\"12\" data-index-in-node=\"193\">$168.54<\/b>\u2014up significantly from the $130.29 average seen in early 2024.<\/p>\n<p data-path-to-node=\"13\">Over the next decade, this 2027-2028 hike alone will cost the average household an additional <b data-path-to-node=\"13\" data-index-in-node=\"94\">$2,800<\/b>. This does not account for annual &#8220;fuel riders&#8221; or potential future base rate cases, which could push the total 10-year cost increase well above $5,000 for many families.<\/p>\n<h2 data-path-to-node=\"13\">How to Offset the Duke Energy Rate Hike<\/h2>\n<p data-path-to-node=\"13\">Installing solar is the most effective tool for North Carolinians to hedge against these compounding rate increases. By producing your own power at a low and predictable cost, you reduce the number of kilowatt-hours Duke can charge you for at these new, higher rates.<\/p>\n<p data-path-to-node=\"13\">Plus, solar paired with <a href=\"https:\/\/www.solar.com\/learn\/how-long-can-a-battery-provide-power-during-an-outage\/\" target=\"_blank\" rel=\"noopener\">battery storage<\/a> can power your home when the grid fails, keeping you safe, comfortable, and productive.<\/p>\n<p data-path-to-node=\"13\"><span style=\"color: #ffffff;\">*<\/span><\/p>\n<p data-path-to-node=\"13\"><gs-injectable background = 'true' border='true' primary_color = '#8b72d3' secondary_color='#f98d7e' utm_campaign = 'get_started_injectable' utm_medium='Duke Energy Carolinas rate increase 2026' content_texts = 'true' upper_text='Get custom solar proposals' upper_text_span = 'for your home' lower_text='Take control of your electricity costs' lower_text_span = 'before new rate hikes kick in' get_started_text='Get started' only_community_solar='false'><\/gs-injectable>\n<p data-path-to-node=\"13\"><span style=\"color: #ffffff;\">*<\/span><\/p>\n<h3 data-path-to-node=\"20\">Frequently Asked Questions<\/h3>\n<ol start=\"1\" data-path-to-node=\"21\">\n<li>\n<p data-path-to-node=\"21,0,0\"><b data-path-to-node=\"21,0,0\" data-index-in-node=\"0\">When will the next big increase start?<\/b> While smaller adjustments occur in 2026, the major $17.22 monthly increase is proposed to take effect on January 1, 2027, followed by another jump in 2028.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"21,1,0\"><b data-path-to-node=\"21,1,0\" data-index-in-node=\"0\">Is this increase due to data centers?<\/b> Yes, in part. Duke cites &#8220;advanced manufacturing and data centers&#8221; as primary drivers for the $8.3 billion in new infrastructure needed to support the state&#8217;s growth.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"21,2,0\"><b data-path-to-node=\"21,2,0\" data-index-in-node=\"0\">Can I voice opposition to this rate hike?<\/b> Yes. The NCUC will hold a series of public hearings in Spring 2026 (including Raleigh on March 30 and Charlotte on April 29) where customers can testify.<\/p>\n<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After raising rates each of the last three years, Duke Energy Carolinas (DEC) is proposing another series of rate hikes, beginning with a 12% increase to residential bills in early&#8230;<\/p>\n","protected":false},"author":51,"featured_media":12621,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[3,72],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.5 (Yoast SEO v19.10) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Duke Energy Carolinas Electric Rate Increases: What Customers Need to Know | Solar.com<\/title>\n<meta name=\"description\" content=\"Duke Energy Carolinas has filed for a 15% rate hike, adding $17.22\/mo to bills in 2027. 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