NewInsight: Investor-owned utilities charge 23% more for power

Duke Energy Progress electricity rates

What homes pay Duke Energy Progress for electricity, from EIA.

Investor-owned utility, 1,414,566 homes in North Carolina. EIA lists it as Duke Energy Progress - (NC).

Headlines

Average price
16.4¢ a kWh
Up 7.3% on a year ago
Average bill
$172 a month
Up 8.8% on a year ago
Average use
1,049 kWh
A month. North Carolina 1,044 kWh
Price rank in North Carolina
1 of 7
1 is the most expensive

Over the 12 months to August 2026, Duke Energy Progress homes paid 16.4¢ a kWh, against 14.8¢ across North Carolina.

Duke Energy Progress vs North Carolina

Duke Energy ProgressNorth Carolina
Average price, 12 months to August 202616.4¢14.8¢
Price in August 202616.1¢14.9¢
Average monthly bill, 12 months$172$154
Bill in August 2026$203$196
Average monthly use1,049 kWh1,044 kWh
Price change, past year+7.3%+5.5%
Price change since 2019+38%+30%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026