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Duke Energy Ohio Notes Lower Electric Default Service Rates Effective June 1
May 28,2020 Duke Energy Ohio noted that customer electric bills will be lower starting in June due to lower, previously filed, default service rates The new amounts for bypassable Rider RE and Rider RC (the bulk of the price to compare) are here. As a result of various changes which take effect June 1 (total bill basis), Duke said that, "Duke Energy Ohio will reduce its residential power bills by about 3.6% beginning June 1. As a result, typical residential customers who use 1,000 kilowatt-hours of electricity a month and purchase electric supply from Duke Energy Ohio will pay about $114 per month beginning with their June bills. That's down about $4.24 from May." "The driver for this upcoming reduction is the price Duke Energy Ohio pays to acquire electricity for its customers who have chosen not to switch to a third-party energy company for their electricity supply. Duke Energy Ohio uses a competitive auction process to secure electricity for these customers. As a whole, recent winning bids have been lower than past bids – leading to lower charges for the electric supply portion of monthly power bills," Duke said "Duke Energy Ohio delivers electricity to more than 650,000 homes across southwest Ohio. About 43.5% of these customers rely on Duke Energy Ohio to acquire electric supply on their behalf and are the ones who will see lower rates beginning in June," Duke said
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