Duke Energy Hikes Your Price to Compare Rate June 1 - DUKE ENERGY RATE HIKE THIS SUMMER
[Duke Energy's price to compare jumps this June 1 by 30%! Learn what that means for Cincinnati electric bills!]_Cincinnati electric bills could jump as much as 30% on June 1 when new rates hit Duke Energy's Price to Compare. Learn how much more you could pay if you don't shop plans now!_
It's no secret that keeping cool and comfy can eat up our summer budget. But on June 1, Duke Energy is raising its Price to Compare rate. So, default service customers in the Cincinnati area will pay more to power their homes and business. So, let's see just how much more it may cost and how to avoid paying higher electricity rates [https://www.ohenergyratings.com/ohio-electricity-rates-by-city].
PRICE TO COMPARE RATE HIKE
On May 1, Duke Energy revealed its standard offer service rate will rise to 10.445 cents per kWh [http://www.energychoicematters.com/stories/20250501b.html] on June 1, 2025. This rate hike is a steep one; 30% hike from the current 8.0174 cents per kWh. The rate is set to last through May 31, 2026.
With an average Ohio home using about 811 kWh of energy per month [https://www.eia.gov/electricity/sales_revenue_price/pdf/table_5A.pdf], the old PTC rate would mean a supply charge of about $65. But under the new rate, the supply charge surges to almost $85; about $20 more.
Likewise, the small commercial rate is rising by 22%. The rate goes from 8.9594 cents per kWh to 10.9549 cents...
