North Carolina

Why is it like this in North Carolina?

North Carolina currently sits in the electric-wins column at about 13.8¢/kWh, but the advantage is shrinking. Duke Energy filed rate increase requests of 11.9% and 14.1% (depending on territory) for 2027, plus a pending June 2026 fuel-cost surcharge of roughly $7/month. Analysis found that Duke Energy rate changes have added about $50/month to reference bills since 2020 — nearly a 45% increase — and the trajectory points toward parity or a gas-wins outcome within a few rate cycles.

In the news · North Carolina

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  Duke Energy files to raise North Carolina electricity rates

  WFAE 90.7 (Charlotte NPR) · Nov 20, 2025

  Duke Energy filed for 11.9% (Carolinas) and 14.1% (Progress) residential rate hikes effective 2027 — if approved, these would sharply worsen North Carolina's already-tightening gas-versus-electric PHEV cost comparison.

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  Duke Energy plans to raise rates in June. Here's what they're paying for.

  WUNC 91.5 (North Carolina Public Radio) · Apr 28, 2026

  A pending June 2026 Duke Energy fuel-cost surcharge of ~$6.90–$7.88/month covers $809 million in fuel and power procurement costs, further raising North Carolina electricity prices on top of the base rate case.

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  It's not just the cold: Rate increases are driving Duke Energy bills higher

  Energy and Policy Institute · Dec 1, 2025

  Analysis showing that Duke Energy rate changes alone added ~$50/month to reference bills between 2020 and 2025 (nearly 45%), establishing the structural upward trend in North Carolina electricity costs that is steadily narrowing the PHEV plug-in savings advantage.

Curated coverage of North Carolina's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

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