North Carolina Customers Slam Duke Energy After New Rate Hike Proposal: 'Break the Monopoly'

North Carolina Customers Slam Duke Energy After New Rate Hike Proposal: 'Break the Monopoly'

Residents across North Carolina are voicing anger and frustration after Duke Energy requested another round of electricity rate increases, despite reporting nearly $5 billion in profit last year. The utility, which supplies power to millions across the state, has asked regulators to approve two additional rate hikes scheduled for 2027 and 2028. If approved, residential electricity bills could rise another 16 to 18 percent. The request comes afte…

Despite Record-Breaking Revenue, Duke Energy Requests Another Rate Hike

Duke Energy, the primary provider of electricity for North Carolina residents, has formally requested to raise customers’ utility bills for 2027 and 2028.  The request comes amidst a period of record-breaking profits for Duke. Duke Energy stock reached a record high in March, and the company recently reported nearly $5 billion in profits in 2025– an increase of 7% from 2024.  Despite soaring profits, the company is once again attempting to raise…

Duke Energy's political donations pay off through rate hikes

The post Duke Energy’s political donations pay off through rate hikes appeared first on Energy and Policy Institute.