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Duke Energy set to lower electric rates by five percent, credits new tax law

Duke announced it would be cutting rates by more than five percent by the year 2020.

Posted: Aug 23, 2018 6:42 PM

WABASH VALLEY (WTHI) - You might start noticing a difference in your electric bill.

That's if you are a Duke Energy customer.

Duke announced it would be cutting rates by more than five percent by the year 2020.

This means you'll be paying an average of $7.33 less for your electric bill.

The company worked with consumer groups to get the new rate.

Indiana Utility Regulators approved the agreement.

The decrease is possible through savings from a new federal tax law.

The exact amount o savings may vary between residential and business customers.

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