How do Duke Energy’s rates compare to other electric utilities?

Our average South Carolina retail electric rates are 37 percent below the national average and about 31 percent below the average for the Southeast. Even with the requested increase, our rates will remain well below those national and regional norms.

We've actually lowered our customers' electric costs in recent years. In 2006, we implemented a one-time annual rate reduction of $40 million to reflect savings achieved through our merger with Cinergy. Also, it’s worth noting that Duke Energy Carolinas’ electric rates have actually declined over the past 18 years, when adjusted for inflation.