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The proposal also asks regulators to adjust other components of the rate toreflect energy-efficiency programs and other renewablwe energy resources. Under the proposal, a typica Progress household thatuses 1,000p kilowatt hours a month would see the total bill drop 10 centa $106.78 to $106.68. North Carolina utilitieas are permitted a fuel charge oncustomedr bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the Raleigh-based Progress says it asking the North Carolina Utility Commissionh to lower the fuel charge becaus e global energy prices have stabilized from record highsz of recent years.
According to the a household using 1,000 kWh a monthy would see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19anothef cents. But the renewable energh portion of the bill will rise by 26 That increase pays for solar and biofuel contractse that Progress has signed to comply witha state- mandateed renewable energy target. If approved, the new ratez will take effect Dec. 1. Progressw (NYSE: PGN) serves 1.25 million customers in North Carolina.
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