Blog

August 16 marks the one-year anniversary of President Joe Biden signing the Inflation Reduction Act (IRA) into law. The landmark law was the first major piece of legislation Congress passed to address climate change, and just one year later, it is already improving people's lives.

There are ways to meet North Carolina's carbon reduction goals and protect ratepayers from catastrophic increases in the cost of electricity, but the regulatory system is set up in a way that makes it more difficult to get to this result.

On the 16th of every month, I dread it: opening my Duke Energy bill. After the shock of seeing our first electric bill of $182 back in October 2022, I knew we were in for a long winter. I thought I was imagining bills going up every month, but it’s not all in my head. In December 2022, Duke Energy rates where I live in Asheville, North Carolina, rose 10 percent due to increased fuel costs. I’m in a privileged position, but the price hike still hurts. But there is a better way.

The Center for Progressive Reform recently launched the Campaign for Energy Justice to ensure that North Carolina’s transition to a clean energy economy serves all North Carolinians regardless of wealth or background. The campaign puts equity at the center of the state’s transition to clean sources of energy like wind and solar power. Unfortunately, a plan submitted to the North Carolina Utility Commission (NCUC) by Duke Energy to reduce carbon emissions fails to take equity into account.

In the spring of 2022, Duke Energy submitted a Carbon Plan to help North Carolina achieve goals laid out in recently enacted laws to curb climate change. The plan ostensibly aims to achieve the state's climate goals to curb carbon emissions. Under this plan, however, low-wealth North Carolinians, who are disproportionately people of color, risk losing access to reliable, affordable electricity.

On July 27, I had the privilege of testifying at the North Carolina Utilities Commission (NCUC) public hearing regarding the Duke Energy Carbon Plan. The Asheville hearing was one of six forums designated for public witness testimony on the proposed decarbonization plan. In 2019, North Carolina joined 34 other states investing in solar, wind, and other renewable resources when it passed its Clean Energy Power Plan, and, in 2021, when it passed House Bill 951, which commits to a 70 percent carbon reduction by 2030 and carbon neutrality by 2050. When Duke Energy, a major corporation with outsized influence over the state’s decarbonization plan, submitted its proposal to meet those goals, it failed to account for affordability and equity.