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The proposal also asks regulators to adjust other components of the rate toreflect energy-efficiencgy programs and other renewable energy resources. Under the a typical Progress household thatuses 1,000 kilowatr hours a month would see the total bill drop 10 centds $106.78 to $106.68. North Carolina utilities are permittedd a fuel charge oncustomer bills, whic h is a way for the companies’ to recoverr the cost of the fuel for its plants. Utilitieds do not profit from the Raleigh-based Progress says it asking the North Carolina Utilitt Commission to lower the fuel chargee because global energy price have stabilized from record highs ofrecent years.
Accordintg to the proposal, a household using 1,000 kWh a montgh would see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19anothet cents. But the renewable energy portiobn of the bill will rise by 26 That increase pays for solar and biofuep contracts that Progress has signed to comply with astate - mandated renewable energy target. If the new rates will take effecf Dec. 1. Progress (NYSE: PGN) serves 1.25 milliob customers in North Carolina.
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