Progress Energy says rates have dropped for customers in North Carolina as of December 1. Progress Energy has 1.3 million customers in North Carolina.
The electricity company says the typical residential customer in North Carolina will save $4.11 per month, or approximately $50 per year.
The rate drop is the result of a decrease in the monthly amount customers are charged for fuels used to generate electricity, along with a decrease of 7 cents a month in the charge for state-mandated renewable energy.
There was also an increase of $1.56 in the monthly charge used to pay for energy-efficiency and demand-side management programs.
“Every dollar counts, particularly for our customers who are struggling in this difficult economy," said Lloyd Yates, CEO and president of Progress Energy Carolinas. "We continue to focus on keeping electricity affordable, reliable and environmentally sound for the households and businesses that depend on us.”
For the residential customer using 1,000 kWh, the total monthly bill will be reduced to $102.19 from the current $106.30.