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Piedmont Natural Gas has received approval from the Tennessee Public Utility Commission to reduce customer billing rates due to a decrease in the market cost of natural gas. The decrease will be reflected beginning with customers' April 2023 bills.
On March 29, the Indiana Utility Regulatory Commission approved Duke Energy Indiana's request to lower bills due to declining fuel and purchased power costs. For an average residential Duke Energy customer in Indiana using 1,000 kilowatt-hours a month, it means a decrease of approximately 16% over rates today, or $26 a month. That is on top of a 5% decrease that went into effect in January.
Duke Energy is expanding its battery storage capabilities in North Carolina and has begun commercial operation of the state's largest battery system, an 11-MW project in Onslow County.