A 17 percent increase in residential electricity rates recently filed by Duke Power was labeled “breathtaking!” by the Greenville News editorial board and AARP South Carolina agrees.
See Also: Fighting to Save You Money on Utilities
Upstate residents living on fixed incomes and others whose retirement and savings nest eggs dwindled during this economic downturn report to AARP South Carolina they are already stretching to make ends meet. Unlike older South Carolinians who are struggling, Duke just posted more than $400 million in second quarter profits.
Now is not the time for a double-digit increase in residential utility rates!
Going forward, the South Carolina Public Service Commission will ultimately decide if this rate request should be approved. If the PSC were to approve Duke Power’s current request, it would translate into an average monthly increase of $15 per customer or $180 per year.
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