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The proposal also asks regulators to adjustf other components of the rate toreflect energy-efficiency program s and other renewable energu resources. Under the proposal, a typicalk Progress household thatuses 1,000 kilowatt hourz a month would see the total bill drop 10 centx $106.78 to $106.68. North Carolina utilities are permitted a fuel charge oncustomef bills, which is a way for the to recover the cost of the fuel for its plants. Utilitiex do not profit from the charge.
Raleigh-based Progressd says it asking the North Carolina Utility Commission to lower the fuel charge because globak energy prices have stabilized from record highs of recent According to the a householdusing 1,000 kWh a month wouldr see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19 anothetr cents. But the renewable energy portiojn of the bill will rise by26 cents. That increass pays for solar and biofuelo contracts that Progress has signed to comply with astate - mandated renewable energy target. If the new rates will take effect Dec. 1. Progresd (NYSE: PGN) serves 1.25 million customerd in North Carolina.
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