Duke Energy Rates
Duke Energy’s residential electric rates rank fourth-highest among the electric utilities the IURC regulates, as of July 1, 2020 *.
Major components in a typical electric bill include base rates, trackers, and sales taxes.
Base rates cover most of a utility’s operating and maintenance costs. They make up about 60 percent of a typical Duke Energy residential bill.
New base rates for Duke Energy Indiana were approved in June 2020. Click here for additional information on IURC Cause No. 45253.
In addition to base rates, Duke Energy and other electric utilities recover and credit separate, specific costs through rate adjustment mechanisms known as "trackers." The OUCC reviews all tracker rate adjustments in IURC cases on a regular basis.
Duke Energy is authorized to use a number of electric trackers, listed in the chart below. They make up about 40 percent of a residential customer’s typical bill.
Of particular note:
- Duke Energy's 7-year plan for infrastructure improvements with an accompanying Transmission, Distribution, and Storage System Improvement Charge (TDSIC) tracker.
- The Edwardsport integrated gasification combined cycle (IGCC) power plant. For a summary of cases involving rate recovery for the plant, click here.
- Energy efficiency plans.
- Coal Combustion Residuals rule compliance projects.
Tracker Recovers Costs for Frequency IURC Cause No. Fuel Adjustment Clause (FAC) Coal and other fuels Quarterly 38707 Environmental Cost Recovery (ECR) Emissions control equipment (including operations & maintenance) Semi- Annual 42061 Integrated Gasification Combined Cycle (IGCC) Construction and financing for IGCC facility at Edwardsport, Ind. Annual 43114 Transmission, Distribution, & Storage System Charge (TDSIC) Projects in 7-year infrastructure plan Semi-Annual 44720 Demand Side Management (DSM) Energy efficiency programs Annual 43955 Summer Reliability Adjustment (SRA) Capacity resources needed for system reliability Annual 44348 Regional Transmission Operator (RTO) Participation in Midwest Independent Transmission System Operator (MISO) Quarterly 42736 Federally Mandated Cost Adjustment (FMCA) Critical Infrastructure Protection Semi-Annual 44367 Renewable Energy Project Rider Renewable Energy Projects Annual 44932
To view the IURC public files in tracker cases, click here and enter the appropriate cause number.
The seven percent state sales tax applies to all Indiana electric utilities.
For information on Duke Energy's proposed advanced metering opt-out tariff, please click here.
* Rankings and examples refer to monthly usage of 1,000 kWh in the IURC’s 2020 Residential Bill Survey.