{"id":1512,"date":"2021-10-15T12:36:47","date_gmt":"2021-10-15T17:36:47","guid":{"rendered":"http:\/\/www.ohenergyratings.com\/blog\/?p=1512"},"modified":"2021-11-27T16:02:28","modified_gmt":"2021-11-27T22:02:28","slug":"duke-puco-electric-rate-increase","status":"publish","type":"post","link":"https:\/\/www.ohenergyratings.com\/blog\/duke-puco-electric-rate-increase\/","title":{"rendered":"Duke Asks PUCO for Electric Rate Increase"},"content":{"rendered":"
\"Learn
Duke Energy wants a rate increase to your monthly bills. Find out what it affects and how you can save more on your Ohio electricity.<\/em><\/center><\/figcaption><\/figure>\n

Possible Rate Hike For Ohio Residential Customers<\/b><\/h2>\n

Duke Energy<\/a><\/span> recently sent a request to the Public Utilities Commission of Ohio (PUCO) for a rate increase of nearly 4%. If approved, customers could see a $4.50 increase to\u00a0Duke Energy’s<\/strong>\u00a0distribution charge on their monthly bills. But, what is that money going to go to? We\u2019re going to look at the details of why Duke<\/strong> asked PUCO for an electric rate increase.<\/p>\n

Ohio\u2019s Electricity Infrastructure<\/span><\/h3>\n

After\u00a0last winter’s freeze in Texas<\/span><\/a>, some customers worry the same could happen in Ohio. Duke Energy<\/strong> claims the higher distribution charge will pay to improve its grid. Most companies are rather tight lipped about their\u00a0repair and upgrade practices<\/span><\/a>. However, better transmission could be a major boon to areas that faced past problems. The addition of a \u2018smart grid<\/span><\/a>\u2019 could isolate grid problems, preventing large scale blackouts like those in the past. Duke Energy<\/strong> claims this increase could potentially generate $55 million in revenue to pay for the improvements.<\/p>\n

A Trade Off For Customers<\/span><\/h3>\n

While this rate increase could turn off some customers, some may like what comes with it. Duke Energy<\/strong> is doing away with its fees on payments. Currently, a third-party does all of Duke’s card and check processing. This third-party tacks on a $1.50 service fee whenever they process a payment. Duke<\/strong> is breaking ties with this processor for residential customers, to offer fee free payment options. While that\u2019s not going to completely negate the proposed increase, it does offer an interesting trade off.<\/p>\n

Another bonus for customers, is a new \u201ctime-of-use\u201d option for customers using smart-thermostats, and other internet-enabled tech. While that sounds\u00a0complex or complicated, customers shouldn’t\u00a0panic. According to Duke<\/strong>, \u2018simple behavioral changes<\/a>\u2019 could help lower electricity bills during times when businesses and industries need less power. Customers could reduce their bills by shifting their high electricity use like laundry to nights or weekends.<\/p>\n

What Does the Rate Increase Mean For Customers?<\/span><\/h3>\n

Since April, Duke\u2019s <\/b>Price to Compare<\/b><\/span><\/a> has risen by about 20 cents and the current PTC rate is \u00a05.56 cents per kWh. With the proposed rate increase, now is a good time to find a low priced plan. \u00a0Many plans have rates that are below the PTC. Plus many others offer rewards and incentives that Duke Energy<\/strong> can’t even touch.<\/p>\n

You can check out great plans for your area that beat the PTC at www.ohenergyratings.com<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Possible Rate Hike For Ohio Residential Customers Duke Energy recently sent a […]<\/p>\n","protected":false},"author":11,"featured_media":1573,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_mbp_gutenberg_autopost":false},"categories":[43,9,41,44,42,50],"tags":[31,32,38,36],"_links":{"self":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1512"}],"collection":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=1512"}],"version-history":[{"count":7,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1512\/revisions"}],"predecessor-version":[{"id":1519,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/1512\/revisions\/1519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/media\/1573"}],"wp:attachment":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=1512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=1512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=1512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}