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The proposal also asks regulators to adjust other componentse of the rate toreflect energy-efficiency programs and othedr renewable energy resources. Under the proposal, a typicak Progress household thatuses 1,000 kilowatt hours a month wouldd see the total bill drop 10 cent s $106.78 to $106.68. North Carolina utilities are permitted a fuel charge oncustomet bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progress says it askint the North Carolina Utility Commission to lowerr the fuel charge because globalo energy prices have stabilized from record highs ofrecent years.
According to the proposal, a household usinbg 1,000 kWh a month would see the fuel portionm of the bill drop by 17 Energy efficiency 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 contractz that Progress has signed to comply with a state mandated renewableenergy target. If approved, the new rates will take effecr Dec. 1. Progress (NYSE: PGN) serves 1.25 million customers in North Carolina.
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