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The proposal also asks regulator s to adjust other components of the rate toreflectg energy-efficiency programs and other renewabl energy resources. Under the proposal, a typicao Progress household thatuses 1,000 kilowatt hours a montgh would see the total bill drop 10 cents $106.78 to North Carolina utilities are permitted a fuel charge on custome r bills, which is a way for the companies’ to recoverd the cost of the fuel for its Utilities do not profit from the charge. Raleigh-based Progress says it askiny the North Carolina Utility Commission to lower the fuel chargwe because global energy prices have stabilized from recor highs ofrecent years.
According to the proposal, a househol d using 1,000 kWh a month would see the fuel portiob of the bill drop by17 cents. Energgy efficiency will drop the bill by 19 another But the renewable energy portio n of the bill will rise by 26 That increase pays for solar and biofuel contracts that Progresz has signed to comply witha state- mandated renewable energy target. If approved, the new ratex will take effect Dec. 1. Progress (NYSE: PGN) servesx 1.
25 million customers in North
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