Kentucky Electric Rate Review
Learn how we're building a smarter, more reliable energy future.
Continuing our orderly transition toward a reliable, clean energy future, improving and modernizing the electric system, and providing customers more value, choices and convenience when it comes to their electric service and personal sustainability goals are some of the key drivers of the regulatory rate review request Duke Energy Kentucky filed with the Kentucky Public Service Commission on Dec. 1, 2022.
The request is for an overall increase of approximately 17.8% averaged across all customer groups. If approved, a residential customer who uses an average of 1,000 kilowatt-hours of electricity each month would pay about $142 per month, an increase of about $25. Bill impacts to nonresidential customers will vary based on rate type, electric usage and demand.
We’re working hard every day to control our own costs and keep rates competitive as we balance making smart investments to strengthen the electric grid while understanding the current tough economic climate. We know how vital reliable electricity is to our customers, communities and region, and that energy is a significant monthly expense for our customers. We remain committed to helping our customers who are experiencing financial hardship.
The Kentucky Public Service Commission, which regulates utilities in the Commonwealth, will review our recent request. The commission will host a public meeting to solicit input from customers and other stakeholders and conduct an evidentiary hearing in Frankfort. Once the extensive review process is complete, the commission will make a final decision on our request and adjust rates as appropriate. We expect this entire process to be complete with new rates effective around July 2023.
How a rate case works
About Duke Energy Kentucky
Duke Energy Kentucky provides electric service to approximately 149,200 customers in Boone, Campbell, Grant, Kenton and Pendleton counties in Kentucky. The company also delivers natural gas to approximately 103,100 customers in these counties as well as Bracken and Gallatin counties, though this regulatory rate review does not impact natural gas rates for Duke Energy Kentucky's customers.