Commercial electricity and gas rates, energy market structure, regulations, and utility providers for property managers operating in North Carolina.
North Carolina has a regulated electricity market served primarily by Duke Energy Carolinas and Duke Energy Progress. Dominion Energy serves a small portion of northeastern NC. Commercial customers cannot choose their electricity supplier. The North Carolina Utilities Commission regulates rates and utility operations.
What this means for property managers:
In North Carolina's regulated market, your utility provides both generation and distribution at rates set by the state public utility commission. While you cannot choose your electricity supplier, you can optimize costs through rate schedule analysis, demand management, and participation in utility efficiency programs.
Rates are set by the public utility commission. No supplier choice available.
Rising
Duke Energy has filed for significant multi-year rate increases (10-15% cumulative) to fund coal plant closures, natural gas and solar generation construction, and grid modernization under HB 951.
North Carolina has no statewide energy benchmarking mandates. HB 951 (2021) requires Duke Energy to achieve 70% carbon reduction by 2030 and carbon neutrality by 2050, with costs recovered from ratepayers. Charlotte has adopted a Strategic Energy Action Plan with voluntary commercial building targets. Raleigh has set community-wide emissions reduction goals.
See how Conduit automates utility management for commercial real estate portfolios in North Carolina.
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