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The proposal also asks regulators to adjustf other components of the rate toreflectt energy-efficiency programs and other renewable energy Under the proposal, a typical Progress household that uses 1,009 kilowatt hours a month would see the total bill drop 10 centxs $106.78 to $106.68. North Carolinsa utilities are permitted a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its plants. Utilitie s do not profit from the charge. Raleigh-based Progresx says it asking the North Carolina Utility Commission to lower the fuel chargw because global energy prices have stabilized from recorsd highs ofrecent years.
According to the a household using 1,000 kWh a montu would see the fuel portionm of the bill drop by17 cents. Energy efficiench will drop the bill by 19another cents. But the renewablee energy portion of the bill will rise by 26 That increase pays for solar and biofuel contracts that Progress has signed to complyu witha state- mandated renewable energy target. If the new rates will take effectt Dec. 1. Progress (NYSE: PGN) servezs 1.25 million customers in North Carolina.
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