Duke Energy Seeks Approval for Rate Hike Affecting South Carolina Customers

GREENVILLE, S.C. — Nearly 680,000 Duke Energy Carolinas customers across South Carolina could soon be paying more on their electric bills, as the utility company has officially requested a rate increase from state regulators.

Rate Hike Details and Timeline

The proposal, submitted to the Public Service Commission of South Carolina (PSCSC), seeks to raise overall revenue by $150.5 million — a 7.7% increase over current rates. Duke Energy Carolinas said the rate change would help fund recent and ongoing investments in grid reliability, storm resilience, and generation upgrades.

If approved, the change would take effect on March 1, 2026.

Impact on Customers

Typical residential customers using 1,000 kilowatt-hours per month could see bills increase by $10.38 per month — from the current $136.82 to $147.19.

• Commercial customers may see an average increase of 5.4%

• Industrial customers could face an average rise of 5.2%

The company noted that increases may vary depending on how much it costs to serve each customer class.

Company Justification

Tim Pearson, Duke Energy’s South Carolina president, emphasized that while the company recognizes the burden on families and businesses, the rate increase is a necessary step to remain transparent and financially prepared.

“We know families and businesses are juggling a lot and we do not take a request to increase rates lightly,” Pearson said, as reported by WYFF4. “Being upfront and timely with our request is the right thing to do and in the best interest of our customers.”

Counties Affected

Duke Energy Carolinas serves large portions of Upstate South Carolina and the I-77 corridor south of Charlotte, including these counties:

• Greenville, Spartanburg, Anderson, York

• Cherokee, Lancaster, Laurens, Union

• Pickens, Oconee, Greenwood, Abbeville

• Chester, Fairfield, Kershaw, McCormick

• Newberry, Saluda

What’s Next?

The public review process by the PSCSC is expected to examine the legitimacy and necessity of the proposed increases before any final decision is made. Residents can follow updates or submit public comments through the commission’s official platform.

What do you think about this proposed rate hike?

Share your views or energy-saving tips with us at SaludaStandard-Sentinel.com — and let us know how these changes could affect your household or business.