As mentioned last month, the North Carolina Utilities Commission has banned the expansion of Progress Energy’s Balanced Billing Plan and Duke Power’s Fixed Payment Plan. These are the plans that charge you roughly 11% in order to have a guaranteed power bill. Unfortunately, it’s not a full ban, it’s just a prohibition against enrolling any new participants. The reason for the ban? [drum roll please] The plans encourage participants to increase their power consumption.
March 16, 2008
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