Duke Energy (NYSE:DUK) -1.4% in Monday's trading after the North Carolina Utilities Commission approved a request to lower residential customers' costs by 4.5%, thanks to declining fuel prices. Duke (DUK) said a typical residential customer in North Carolina using 1,

State regulators recently approved Duke Energy Progress' request to lower rates for residential customers by 4.5%.

Starting Dec. 1, 2024, rates for Duke Energy Progress residential customers in North Carolina will decrease by 4.5%. What are the savings for a typical customer using 1,000 kilowatt-hours (kWh) per month? They should see an overall decrease of $7.34.