Price To Compare
Price to Compare—Key to Choice Shopping
When considering shopping for other suppliers of electric generation, the question to ask is, "Will I save money?" To determine this, you need to know the price that a supplier must beat in order for you to realize savings. This is known as the price to compare. Information on determining your price to compare is included below. For a list of electric suppliers participating in Duke Energy's Electric Customer Choice Program, visit our electric suppliers' list page or call us at toll free at 1-800-544-6900.
Understanding the Price to Compare
The price to compare is the annual amount that you no longer pay to Duke Energy when you choose another generation provider divided by the kilowatt-hours you consume on a yearly basis.
The amount you no longer pay to Duke Energy includes: Rider RC (Retail Capacity Rider), Rider RE (Retail Energy Rider), Rider AER-R (Alternative Energy Recovery Rider), Rider RTO (Retail Transmission Organization Rider), Rider SCR (Supplier Cost Reconciliation Rider) and Rider RECON (Fuel and Reserve Capacity Reconciliation Rider).
Determining Your Savings
Residential customers can take the following steps to estimate potential annual savings:
- Subtract the supplier's price per kilowatt hour from Duke Energy's current price to compare. Duke Energy's price to compare can change when adjustments are made to Riders RC, RE, AER-R, RTO, SCR or RECON.
- Multiply the difference by the annual kilowatt hours you use. The result is your annual savings.
Determining the Price to Compare
Residential Customers—Average Price to Compare Amounts*
The following table identifies the current average price to compare for typical Duke Energy customers having various levels of annual kilowatt-hour (kWh) usage. Your annual kWh usage appears on your bill under the graph of electric usage and is labeled ‘Total Usage.’
Price to Compare*
(cents per kWh)
Other Heating Source
(e.g., natural gas, propane)
Price to Compare*
(cents per KWh)
|0 - 9,999||6.14||6.14|
|45,000 or more||
* Your price to compare is based on your kWh usage and may be higher or lower than the amounts shown in the table above. In addition, if you are a residential customer and are billed on a rate other than Rate RS, please call us to obtain your price to compare.
Providing Billing and Usage History*
Another option for customers to determine possible savings when considering another generation provider is to provide billing and usage history information to potential suppliers. Residential customers can obtain up to 24 months of billing and usage history by registering with our Online Services or simply use the most recent 12 months of electric usage history that appears at the bottom of your bill.
Individualized Price to Compare
You can calculate your specific price to compare with our Price To Compare Calculator. Enter your most recent 12 months of electric usage data that appears at the bottom of your Duke Energy bill and then select ‘Calculate. The calculation result is the price that a supplier must beat (in cents per kWh) for you to realize savings. Duke Energy's price to compare can change when adjustments are made to Rider RC, RE, AER-R, RTO, SCR or RECON.