DE Carolinas Rate Case
Building a cleaner, smarter energy future for South Carolina
Rate Case UpdateOn May 1, 2019, the Public Service Commission of South Carolina (PSCSC) conducted a verbal vote on the Duke Energy Carolinas rate increase request during their regular agenda meeting. On May 21, the PSCSC issued a detailed written order explaining their decisions in the case. New rates will be effective beginning June 1, 2019.
The changes in customer rates come after a lengthy and very public process evaluating a request that is at the heart of the company's ability to build a smarter energy infrastructure for South Carolina. The changes also reflect the company's efforts to deliver electricity that is cleaner than ever, and ensure the best customer service possible. The changes also include savings from recent federal tax reform.
The PSCSC approved an average rate increase of 3.7% for all residential customers. Commercial and industrial customers will see an average increase of around 1.6% (actual rates vary by customer class and size).
Beginning June 1, a typical residential customer who uses 1,000 kilowatt-hours (kWh) of electricity monthly would pay about $122.45 per month, an increase of about $4.71.
For additional details, visit the PSCSC website, docket number 2018-319-E.
How a rate case works
On Nov. 8, 2018, Duke Energy Carolinas made a request before the PSCSC to adjust customer bills. The request reflected important investments made to build a cleaner, smarter energy future for customers in South Carolina.
Our continued work to modernize the electric system, generate cleaner power (including nuclear project development costs), responsibly manage and close coal ash basins, and improve reliability and service to more than 591,000 customers in the Upstate region of South Carolina were the primary reasons behind this filing. The PSCSC determines what’s appropriate for customer rates based on a long-standing and very transparent public process for reviewing rate requests.
The Public Service Commission of South Carolina held the following public hearings in response to the Duke Energy Carolinas application to adjust and increase its rates and charges:
- Tuesday, March 12, 2019, 6 p.m. at the Spartanburg County Council Chambers, Spartanburg County Administration Building, 366 N. Church Street, Main Level, Suite 1000, Spartanburg, SC 29303
- Wednesday, March 13, 2019, 6 p.m. at the Anderson County Council Chambers, 101 S. Main Street, Anderson, SC 29624
- Thursday, March 14, 2019, 6 p.m. at the Greenville County Council Chambers, 301 University Ridge, Suite 2400, Greenville, SC 29601