© 2020 WFAE
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Local News
Here are some of the other stories catching our attention.

Duke Energy's Store Sells Sort-Of-Free Lightbulbs

DukeSavingsStore.JPG
Duke Energy website

Duke Energy is offering free lightbulbs when you order them online. Well, almost free. You can order lightbulbs for up to 92 percent off the retail price. The company's efforts to promote energy efficiency helps their bottom line.

The Duke Energy Savings Store features highly discounted LED and compact fluorescent light bulbs products up to 92 percent off the retail price.

TCPR20.jpg
Credit Duke Energy
This TCP R20 Reflector, (retail price: $6.00) sells for 48 cents on the Duke Energy Savings online store.

Why is it so cheap? Duke Energy's Kristina Hill explains.

"Funding for the Duke Energy Savings Store and also the other energy-efficiency products and services offered by Duke Energy comes from the Commission-approved EE-Rider that's included on customer's monthly bills," Hill says. 

Basically customers are subsidizing the cost of the free and highly discounted light bulbs with what's called the Energy Efficiency Rider charge on their bill every month. It's listed right above the sales tax line.

Still, why would an energy company want customers to use less of its product?  

Michael Carter, the director of SNL Financial’s energy group, explains how this is great for a company like Duke.

"Maybe that defrays some of the load impact," Carter says. "Maybe that pushes off the need to build a power plant for five or ten years. Well, that, that’s fantastic."

Hill says spending on energy efficiency is in fact more cost-effective.

DukeEC_EE_IRP.JPG
Credit Duke Energy Carolinas
Duke Energy Carolinas sees energy efficiency growing in its mix from 4.5 percent next year to 9 percent in 2028.

"Customers using less energy is a much better option than having to build newer power plants in the future. Power plants are not inexpensive," Hill says. "So if we can get customers to use less energy through practicing energy efficiency and using energy-efficiency products and services and just doing some of the simple things around the home that can decrease energy demand, then it's both a win-win for Duke Energy and also our customers," she says. 

Duke charges customers for energy efficiency – the power you're saving.  And it also calculates that energy efficiency as part of its mix of energy sources, just like coal or nuclear.

And by that measure, Duke Energy Carolinas sees energy efficiency growing in its mix from 4.5 percent next year to nine percent in 2028.

We Need Your Help Now More Than Ever

WFAE mask

Our newsroom is hard at work covering everything from the ongoing coronavirus pandemic to the aftermath of the election, the race for a vaccine and our communities' fight to rebuild. But we can't do it without you. Support our local journalism with a donation of ANY amount, and we’ll send you a free WFAE member mask courtesy of AllDayMask.com of Monroe.