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Duke Energy residential customers face 7.1 percent hike

STAFF REPORTS
Published on Wednesday, January 25, 2012

Greater Greer area residential customers will pay 7.1 percent more, approximately $6.25 for 1,000-kilowatt-hours a month, for electricity from Duke Energy of South Carolina. The Public Service Commission of South Carolina today approved the rate increase, effective Feb. 6.

The average rate increase is 5.98 percent but specific increases for individual customers will vary, depending on the rate they pay and other factors. Duke Energy, based in Charlotte, asked for a 15 percent rate hike but negotiated a 6 percent overall increase with the state’s Office of Regulatory Staff.

The commercial rate increase is 5.2 percent, industrial 5.1 percent, and lighting 5.8 percent.

Customer rates in South Carolina will increase by $92.8 million.

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