Duke’s proposed basic service charges of $28-29 for residential customers in South Carolina could stop rooftop solar dead in its tracks.
In what it touts as one of the largest green bond transactions issued by a utility, Duke Energy Carolinas has issued bonds to further renewable energy development.
A new web tool lets consumers in six Southern states see how their utility is embracing solar or blocking it; the tool could help consumers promote improved solar policy.
The program, like community solar for nonresidential customers, will allow business customers of Duke Energy Carolinas and Duke Energy Progress to purchase renewable energy and the RECs that come with it to reach their sustainability goals and reduce their electrical bills.
Duke Energy has announced plans to invest $500 million to build 300 MWh of energy storage in the Carolinas over the next eight years, which breaks down to an average of 37.5 MWh per year.
The power company says that this will allow time for a more careful crafting of a successor program.
The energy giant is upgrading its Bad Creek pumped hydro storage facility from 1,000 to 1,300 MW.
New solar customers now have the option to sell power at a price far below retail to Duke Energy, in the state with the highest monthly electricity bills in the country.
The utility is opening an RFP for utility-scale projects, as well as offering a solar rebate program for rooftop systems.
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