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Duke Energy increases financial incentives for customer energy efficiency and demand response programs in South Carolina
Prnewswire· 2025-08-04 14:47
Core Insights - Duke Energy has enhanced incentives and eligibility for energy efficiency and demand response programs in South Carolina, effective August 1, 2025, following approval from the Public Service Commission of South Carolina [1][2] Residential Customer Enhancements - The company has introduced significant incentives for residential customers, with some incentives doubling or tripling, encouraging energy efficiency improvements [2][10] - Customers can manage energy use better and save money through demand response programs, which offer bill credits for shifting usage to lower demand periods [3] Business Customer Benefits - Duke Energy has increased energy efficiency and demand response incentives for business customers, with average incentive amounts rising by 20%-25% [5][6] - The PowerShare program has increased capacity credits from $3.50 to $5 per kW for reducing energy use [12] Assistance Programs - Expanded offerings for qualifying customers include more options for energy savings, particularly for those in need [7] - Duke Energy provides resources for customers struggling with energy bills, including flexible payment arrangements and assistance programs [13] Company Overview - Duke Energy serves 8.4 million customers across several states and has a total energy capacity of 54,800 megawatts [14] - The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050, with investments in electric grid upgrades and cleaner generation [15]