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Revised Rates for 2023

As a part of Duke Energy Progress' comprehensive rate agreement approved by the North Carolina Utilities Commission, redesigned time-of-use rates along with other added benefits, will be introduced in October to provide customers increased flexibility.

Residential time-of-use (R-TOU)

  • The standard time-of-use rate has been reconfigured to better align with today's mix of generation sources and the region's changing usage patterns. TOU customers now have greater opportunities to save. The changes include: shortened on-peak periods in both summer and winter months.
  • A new discount period where energy charges are 30% lower than the standard off-peak rate.
  • Off Peak and Discount period hours offered in lieu of shoulder hours.

The revisions provide customers with the opportunity to shift energy-intensive consumption to times when there is less demand on the electric grid. The much lower energy price offered during new, designated "discount periods" reflect the fact that it is less expensive to provide energy during these hours. Programmable appliances, thermostats, electric vehicle charging timers are among several ways that customers can take advantage of these new hours.

Summer months under the new rate are considered May through September, with non-summer months spanning October through April. Weekend and pre-designated holidays are still considered as off-peak.

in copy TOU clock Summerin copy TOU clock NonSummer
  Applicable Days Summer Hours
May – September
Non-Summer Hours
October – April
On-Peak Period: Monday – Friday
excluding holidays*
6 p.m. – 9 p.m. 6 a.m. – 9 a.m.
Discount Period: All days
including holidays*
1 a.m. – 6 a.m. 1 a.m. – 3 a.m.
11 a.m. – 4 p.m.
Off-Peak Period: All days
including holidays*
All hours that are not On-Peak or Discount hours

The revised R-TOU rate schedule with additional detail, including pricing, will be available at on October 1, 2023.