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Duke Energy increasing rates for individuals and businesses.

Duke Energy is proposing a 15% increase for North and South Carolina businesses!

North Carolina Attorney General Roy Cooper says he's opposing Duke Energy Corp.'s proposal to raise the rates consumers pay for electricity.  The utilities commission has been holding hearings to get public feedback and of course the general consensus is an astounding no!  It appears that the utility commission is going to try to hold the increase at no more than 5%.  That's obviously better than 15% but it's no small amount when you are paying utilities for a massive facility or warehouse as many of our customers do. 

This leads consumers to ask "why now, doesn't Duke Energy know these are hard economic times for businesses and individuals?"  To play devil's advocate Duke Energy says since 2009 they have invested more than $4.8 billion to repair and modernize an outdated and aging electric system. In the Carolinas, the average age of Duke Energy Carolinas' coal-fired plants is 61 years.  Duke also states other factors such as increased environmental regulations and projected growth and demand.  Duke states that over the next 20 years North Carolina's population is projected to increase by 4 million people, and South Carolina's by 1.1 million!

Most commercial facilities have a large portion of their power bills that are stemming from their lighting.  As an Orion Energy Systems Elite Integration Partner, Southpoint Solutions provides innovative products which deliver proven savings through energy efficiency. Our ability as a turnkey provider insures prompt delivery, expert installation, quality service, technical support, and very competitive pricing.

Our energy consultants work with facility owners and managers to understand their unique challenges and operating environment.  With this understanding, we are able to apply our considerable knowledge of the energy markets, technology and financial solutions to develop and implement turnkey energy projects that provide:

 

  • Immediate, guaranteed positive cash flow
  • Long term reduction of energy waste
  • Documented reduction of carbon emissions
  • Options that include renewable energy sources

 

Prepare your business today from the strong arm of Duke Energy!  Contact Southpoint today to discuss how we can help you maximize your lighting and efficiency. 

Sources: Duke Energy , The Business Journal

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