Duke Energy: Rates, Coverage Area, Emissions

Duke Energy has their head offices in Charlotte, North Carolina and provides electricity in 6 states within the nation In addition, this service area includes 1188 cities within these states. There are a total of 7,675,111 customers receiving service from the provider. These customers are made up of 14,303 industrial accounts, one transportation customer, 1,015,344 commercialproperties and 6,645,462 residential properties. Duke Energy's customers are billed an average residential electricity price of 12.39 cents per kilowatt hour. This is 12.17% below the US average rate of 14.11 cents, resulting in the company ranking 1630th best for average electricity rate out of 2923 providers in the nation. In 2020 the company had sales to end users totaling 191,091,733.96 megawatt hours and wholesale sales to other companies of 191,091,733.96 megawatt hours. During the same timeframe, Duke Energy generated 201,739,423.12 megawatt hours and acquired 41,896,430.35 megawatt hours by way of the wholesale market. In 2020, the provider earned 84.16% of their revenue from retail electricity sales and 9.68% via sales to wholesale customers. Their revenue from electricity activities was $21,568,619,700.

The US average monthly residential electric bill is $125.95, while the Duke Energy average is 3.86% higher at $130.82 per month. Duke Energy ranks 2172nd in the nation for average monthly bill amount. The supplier is 11th in the nation for megawatt hours produced from solar energy. By megawatt hours generated, Duke Energy is the 2nd largest provider out of 3509 in the country. The company produces a total of 47,692,925.84 megawatt hours from coal usage. This makes them the 4th highest producer out of 3509 electricity providers in the country

Luckily, Duke Energy allows their customers to participate in net metering. Without net metering, solar panel purchased are significantly less economically realistic, as consumers have no way to sell extra electricity back into the infrastructure system.

Duke Energy currently has a loss of around 4.59% of the electricity that they generate. This percentage of loss results in them receiving a rank of 794th best out of 3509 companies who report energy loss in the US.