Blog Layout

Duke Energy Rate Increase 2023 - Choose Your Supplier

Andre Velez • Mar 14, 2023

Your Duke Energy Electricity Bill Rate Increase

Duke Energy Price to Compare Rate Increase

Will your business be affected by the Duke Energy rate increase in 2023? Similar to AEP and all the deregulated Ohio electricity utilities, they held their auctions in tranches between September 2022 and February 2023, respectively.

Effective June 2023, these Duke Energy default rates are scheduled to increase to a rate of $0.08938/kWh.

Duke Energy held their auctions twice with their first tranche hedged September 20, 2022 with 20% of the load at a rate of $115.75/MWh ($0.11575/kWh) and the second tranche hedged last month on February 21, 2023 with the remaining 80% at a rate of $82.79/MWh ($0.08279/kWh).

See below for the Duke Energy auction results:

When you look at their weighted-average rate, you have an actual rate of $0.089338/kWh, which will be the average price-to-compare (PTC) in the DUKE Energy utilities. The weighted-average-rate is broken down below:

Once again, if you haven’t locked your rates yet, and want transparent open-book pricing on the wholesale electricity market, please visit our website for more information and/or contact us and learn how we can help you take steps to prevent your business from AEP’s next scheduled rate hike.

For a detailed utility territory map of DUKE Energy, please take a look at the map below:

< Older Post Newer Post >

have questions?

Contact us or get a free energy analysis today

GET A FREE ENERGY ANALYSIS

Southern Ohio United Association Volleyball Tournament 2024

By Andre Velez • 19 Apr, 2024

Attending the Southern Ohio United Association Volleyball Tournament 2024

The Carbon-Free Energy Resource Adjustment from ComEd 2024

The Carbon-Free Energy Resource Adjustment from ComEd Explained

By Andre Velez • 27 Mar, 2024

Back in June 2022, customers in the ComEd market in Illinois began to see a line item called the Carbon-Free Energy Resource Adjustment (CFRA) on their monthly utility distribution invoices. The CFRA will come with an associated usage-based credit or charge.

SLPS GAAM Volleyball Tournament & Expo 2024

By Andre Velez • 02 Jan, 2024

We can't wait for the SLPS GAAM Volleyball Tournament & Expo 2024 taking place at the Dallas Market Hall. Book your team spots now!

Electricity Deregulation in Lubbock, TX Choose supplier

Electricity Deregulation in Lubbock, TX | Choose Your Energy Rate

By Andre Velez • 06 Nov, 2023

Electricity deregulation is coming to Lubbock, Texas, which means you have the power to choose your retail energy supplier. Here's what you need to know before you make the switch!

FirstEnergy Pennsylvania Price to Compare Rate Increases December 2023

FirstEnergy Pennsylvania Price to Compare Rates Rising 10% in December 2023

By Andre Velez • 18 Oct, 2023

The FirstEnergy Pennsylvania utilities have new price-to-compare rate increases for residential and commercial customers starting December 1, 2023.

Energy Monopoly States vs. Energy Choice States

By Andre Velez • 05 Oct, 2023

Since 2008, the average electricity prices for customers in places in competitive states and jurisdictions where they have energy choices have gone up by about 10.6%. But in areas where there's only one utility company (monopoly states), prices have shot up much more, by about 40.3%.