- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=Duke Energy Carolinas Proposes Reduction in Annual Adjustment for Fuel Cost With Public Service Commission of South Carolina https://www.3blmedia.com/markdownify/node/1269406?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/1269406?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/1269406?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=Duke Energy Carolinas Proposes Reduction in Annual Adjustment for Fuel Cost With Public Service Commission of South Carolina&body=ESG News from Duke Energy Corporation https://www.3blmedia.com/markdownify/node/1269406?absolute=1 "Share via email") [Energy](/CSR-News/energy-0) # Duke Energy Carolinas Proposes Reduction in Annual Adjustment for Fuel Cost With Public Service Commission of South Carolina Aug 13, 2024 8:45 AM ET Campaign: [Clean Energy Transformation](/news/campaign/clean-energy-transformation) ![Exterior of a natural gas plant](/sites/default/files/styles/carousel_2x/public/images/naturalgas_dukeenergy_080224.jpg) - **If approved, home energy bills would decrease 13.8%** - **Company continues to connect customers to financial assistance and offer cost-saving tools** GREENVILLE, S.C., August 13, 2024 /3BL/ - Duke Energy Carolinas is seeking to reduce customer bills to account for the cost of fuel used to generate electricity for South Carolina homes and businesses. If approved by the Public Service Commission of South Carolina (PSCSC), today’s average monthly residential bill would decrease by 13.8%. The total monthly impact of these rate changes for a residential customer using 1,000 kilowatt-hours (kWh) per month would be a decrease of $19.60, from $142.23 to $122.63. If approved by the PSCSC, rates for commercial customers would decrease 13.8% and rates for industrial customers would decrease 16.2%. The specific impact to individual customers will vary according to many factors including electric usage and customer profile dynamics. If approved, the decrease to customer bills would begin in November and significantly offset the [previously announced base rate increase](https://news.duke-energy.com/releases/new-rates-approved-for-duke-energy-carolinas-customers-in-south-carolina) approved by the PSCSC in July. The PSCSC will consider new fuel rates in a public evidentiary hearing where it will also hear the results of an extensive audit and inquiries of the parties involved in the case to ensure an accurate adjustment is made to billed rates. Duke Energy Carolinas serves about 660,000 households and businesses primarily in the Upstate of South Carolina, including Greenville, Spartanburg and Anderson counties. The company's other South Carolina utility – Duke Energy Progress – made its annual fuel filing in April. **Why bills will decrease** Duke Energy Carolinas makes a fuel cost-recovery filing annually in South Carolina. The fuel rate is based on the projected cost of fuel used to provide electric service to the company's customers, plus a true up of the prior year’s projection compared to actual costs incurred. The PSCSC reviews fuel costs and adjusts the fuel component of customer rates accordingly. Each year, this true-up proceeding is intended to resolve the difference between projected fuel costs, and what is actually billed to the customer. The decrease for customer bills in this year’s request is primarily driven by the decreased cost of natural gas year over year, plus a reduced true-up component since the previous fuel cost-recovery filing. Duke Energy Carolinas makes no profit from the fuel component of rates – actual costs are passed through directly to customers. **Helping customers save** Customers struggling to pay their energy bills might qualify for assistance from various government and nonprofit programs for utility bills and other household expenses, or from the [Share the Light Fund](https://www.duke-energy.com/Home/Billing/Special-Assistance/Share-the-Light), a Duke Energy program that provides energy assistance. Duke Energy also offers [programs and resources](https://www.duke-energy.com/home/billing/special-assistance) to help customers, as well as flexible payment arrangements to help customers experiencing uncertainty keep their accounts in good standing. To help all customers take control of their energy use, Duke Energy offers energy-saving tips and innovative efficiency programs for every budget. For example, the Home Energy House Call is a free in-home energy assessment that provides customers more information about how they use energy and strategies to save money on their monthly bill. To learn more about these programs, visit [duke-energy.com/savings](http://www.duke-energy.com/savings). **Duke Energy Carolinas** Duke Energy Carolinas, a subsidiary of Duke Energy, owns 20,700 megawatts of energy capacity, supplying electricity to 2.9 million residential, commercial and industrial customers across a 24,000-square-mile service area in North Carolina and South Carolina. **Duke Energy** Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear. More information is available at [duke-energy.com](http://www.duke-energy.com/) and the [Duke Energy News Center](https://news.duke-energy.com/). Follow Duke Energy on [Twitter](https://twitter.com/dukeenergy), [LinkedIn](https://www.linkedin.com/company/duke-energy-corporation), [Instagram](https://www.instagram.com/duke_energy) and [Facebook](https://www.facebook.com/dukeenergy), and visit [illumination](http://illumination.duke-energy.com/) for stories about the people and innovations powering our energy transition. 24-Hour media line: 800.559.3853 View original content [here.](https://news.duke-energy.com/releases/duke-energy-carolinas-proposes-reduction-in-annual-adjustment-for-fuel-cost-with-public-service-commission-of-south-carolina) [![logo](/sites/default/files/Clients/Duke-Energy-Logo-4c.jpg)](/profiles/duke-energy) ### More from Duke Energy Corporation ###### [Duke Energy Announces Loree Elswick as President of the Duke Energy Foundation](/news/duke-energy-announces-loree-elswick-president-duke-energy-foundation) Nov 18, 2025 8:30 AM ET ###### [Duke Energy Foundation Gives $100,000 to One SC Fund as Part of Annual Campaign To Help Fight Hunger in South Carolina](/news/duke-energy-foundation-gives-100000-one-sc-fund-part-annual-campaign-help-fight-hunger-south) Nov 12, 2025 8:30 AM ET ###### [A Home Run Partnership: Duke Energy Foundation, Tampa Bay Rays Donate $82,000 To Help Florida Customers Pay Energy Bills](/news/home-run-partnership-duke-energy-foundation-tampa-bay-rays-donate-82000-help-florida-customers) Oct 14, 2025 9:10 AM ET ###### [Duke Energy Foundation Awarded Corporate Social Impact Team of the Year by the Association of Corporate Citizenship Professionals](/news/duke-energy-foundation-awarded-corporate-social-impact-team-year-association-corporate) Oct 9, 2025 8:40 AM ET ###### [Building Momentum: Duke Energy Partners With Local Economic Development Organizations to Market High-Potential Industrial Sites in Connersville, Westfield](/news/building-momentum-duke-energy-partners-local-economic-development-organizations-market-high) Oct 7, 2025 9:15 AM ET ###### [Duke Energy Helps Communities Across Ohio and Kentucky Prepare Sites To Bring Local Investment, Jobs](/news/duke-energy-helps-communities-across-ohio-and-kentucky-prepare-sites-bring-local-investment) Oct 3, 2025 9:15 AM ET ###### [Duke Energy and Its Foundation Surpass $30 Million Over 10 Years To Support Community Resilience, Disaster Relief Efforts](/news/duke-energy-and-its-foundation-surpass-30-million-over-10-years-support-community-resilience) Oct 2, 2025 8:55 AM ET ###### [Nonprofits on the Frontlines of Helene Recovery Honored with Staff Care Grants](/news/nonprofits-frontlines-helene-recovery-honored-staff-care-grants) Sep 30, 2025 9:20 AM ET