STOCK TITAN

Duke Energy serves customers, sets preliminary electric use record in the Carolinas during week of sustained cold temperatures

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Duke Energy (DUK) has set a new preliminary combined utility system usage record of 37,387 MWh on January 23, 2025, surpassing the previous record of 36,670 MWh from February 20, 2015. This milestone occurred during an extended period of freezing temperatures in the Carolinas service area, which experienced about 65 hours of freezing or below freezing temperatures starting January 20, 2025.

The company successfully managed the record-breaking power usage while maintaining reliable service to customers. Duke Energy relies on a diverse energy mix including nuclear, natural gas, hydro renewables, and coal to meet growing energy needs. The company has provided customers with various energy-saving tips and solutions, including thermostat management, water heater settings, and proper use of ceiling fans, to help manage energy consumption and costs during cold weather periods.

Duke Energy (DUK) ha stabilito un nuovo record preliminare di utilizzo combinato del sistema elettrico di 37.387 MWh il 23 gennaio 2025, superando il precedente record di 36.670 MWh risalente al 20 febbraio 2015. Questo traguardo è avvenuto durante un prolungato periodo di temperature sotto zero nella zona di servizio delle Carolinas, che ha registrato circa 65 ore di temperature ghiacciate o inferiori a zero a partire dal 20 gennaio 2025.

L'azienda ha gestito con successo l'uso elettrico record, mantenendo un servizio affidabile per i clienti. Duke Energy si affida a un mix energetico diversificato che include nucleare, gas naturale, energie rinnovabili idroelettriche e carbone per soddisfare le crescenti esigenze energetiche. L'azienda ha fornito ai clienti vari suggerimenti e soluzioni per il risparmio energetico, inclusi la gestione del termostato, le impostazioni del scaldabagno e un uso corretto dei ventilatori a soffitto, per aiutare a gestire il consumo energetico e i costi durante i periodi di freddo.

Duke Energy (DUK) ha establecido un nuevo récord preliminar de uso combinado del sistema de utilidades de 37,387 MWh el 23 de enero de 2025, superando el récord anterior de 36,670 MWh del 20 de febrero de 2015. Este hito ocurrió durante un prolongado período de temperaturas bajo cero en el área de servicio de Carolinas, que experimentó alrededor de 65 horas de temperaturas frías o por debajo de cero a partir del 20 de enero de 2025.

La compañía gestionó con éxito el uso récord de energía mientras mantenía un servicio confiable para los clientes. Duke Energy confía en una mezcla energética diversa que incluye energía nuclear, gas natural, energías renovables hidroeléctricas y carbón para satisfacer las crecientes necesidades energéticas. La empresa ha proporcionado a los clientes varios consejos y soluciones para el ahorro de energía, que incluyen la gestión de termostatos, ajustes de calentadores de agua y el uso adecuado de ventiladores de techo, para ayudar a manejar el consumo de energía y los costos durante los períodos de frío.

Duke Energy (DUK)는 2025년 1월 23일에 37,387 MWh의 새로운 예비 복합 공공 시스템 사용 기록을 세웠습니다. 이는 2015년 2월 20일의 이전 기록인 36,670 MWh를 초과한 것입니다. 이 이정표는 캐롤라이나 서비스 지역에서 발생한 오랜 기간의 저온 기간 동안 발생했으며, 2025년 1월 20일부터 약 65시간의 동결 또는 그 이하의 온도가 지속되었습니다.

회사는 고객에게 신뢰할 수 있는 서비스를 유지하면서 기록적인 전력 사용량을 성공적으로 관리했습니다. Duke Energy는 증가하는 에너지 수요를 충족하기 위해 원자력, 천연가스, 수력 재생 가능 에너지 및 석탄을 포함한 다양한 에너지 믹스에 의존하고 있습니다. 회사는 고객이 추운 날씨 동안 에너지 소비와 비용을 관리할 수 있도록 온도 조절기 관리, 온수기 설정 및 천장 팬의 올바른 사용을 포함한 다양한 에너지 절약 팁과 솔루션을 제공했습니다.

Duke Energy (DUK) a établi un nouveau record préliminaire d'utilisation combinée du système d'utilité de 37 387 MWh le 23 janvier 2025, dépassant l'ancien record de 36 670 MWh du 20 février 2015. Ce jalon est survenu lors d'une période prolongée de températures glaciales dans la zone de service des Carolines, qui a connu environ 65 heures de températures glaciales ou en dessous de zéro à partir du 20 janvier 2025.

L'entreprise a réussi à gérer cette utilisation record de l'énergie tout en maintenant un service fiable pour ses clients. Duke Energy s'appuie sur un mélange énergétique diversifié, comprenant le nucléaire, le gaz naturel, les énergies renouvelables hydroélectriques et le charbon, pour répondre à la demande énergétique croissante. L'entreprise a fourni à ses clients divers conseils et solutions d'économie d'énergie, y compris la gestion des thermostats, les réglages des chauffe-eaux et l'utilisation appropriée des ventilateurs de plafond, pour aider à gérer la consommation d'énergie et les coûts pendant les périodes froides.

Duke Energy (DUK) hat am 23. Januar 2025 einen neuen vorläufigen Rekord für den kombinierten Einsatz des Versorgungsunternehmens von 37.387 MWh aufgestellt und damit den vorherigen Rekord von 36.670 MWh vom 20. Februar 2015 übertroffen. Dieser Meilenstein trat während eines längeren Zeitraums mit Frosttemperaturen im Versorgungsgebiet der Carolinas auf, das ab dem 20. Januar 2025 etwa 65 Stunden Frost oder unter 0 Grad Celsius erlebte.

Das Unternehmen hat den rekordverdächtigen Stromverbrauch erfolgreich verwaltet und dabei einen zuverlässigen Service für die Kunden aufrechterhalten. Duke Energy setzt auf ein vielfältiges Energiemix, einschließlich Kernenergie, Erdgas, hydroelektrischen erneuerbaren Energien und Kohle, um den wachsenden Energiebedarf zu decken. Das Unternehmen hat den Kunden zahlreiche Energiespartipps und Lösungen angeboten, einschließlich der Verwaltung von Thermostaten, der Einstellung von Warmwasserbereitern und der richtigen Nutzung von Deckenventilatoren, um den Energieverbrauch und die Kosten in kalten Wetterperioden zu steuern.

Positive
  • Set new power usage record indicating strong customer demand
  • Successfully maintained reliable service during peak demand period
  • Demonstrated operational effectiveness during extreme weather conditions
Negative
  • Higher energy consumption may strain existing infrastructure
  • Increased demand could lead to higher operational costs

Insights

The record-breaking power consumption of 37,387 MWh - surpassing the 2015 record by 1.95% - is a significant milestone that reveals several critical insights about Duke Energy's operations and future trajectory.

The successful management of this peak demand demonstrates robust operational execution, particularly noteworthy given the 65-hour sustained freezing period. This stress test validates Duke Energy's diverse energy portfolio strategy, utilizing nuclear, natural gas, hydro, renewables and coal to maintain reliability during extreme weather events.

However, this record usage has broader implications for long-term infrastructure planning. The 1.95% increase in peak demand over eight years (2015-2025) suggests a relatively modest but steady growth in base load requirements. This growth pattern, combined with Duke's ambitious clean energy transition goals (net-zero carbon emissions by 2050), indicates potential need for accelerated infrastructure investments in three key areas:

  • Grid modernization to handle increasing peak loads and intermittent renewable sources
  • Enhanced energy storage capabilities to balance supply during extreme weather events
  • Expanded clean energy generation capacity to meet growing demand while achieving environmental targets

The successful handling of this peak demand event should positively impact regulatory relationships, as it demonstrates Duke's reliability in critical conditions. This operational success strengthens Duke's position in future rate case discussions and infrastructure investment proposals.

From a financial perspective, this record usage period will likely contribute positively to Q1 2025 earnings through increased electricity sales, though the impact may be partially offset by higher operational costs during the extreme weather period. The demonstrated need for reliable base load capacity also validates Duke's balanced approach to energy transition, potentially supporting their capital allocation strategy for grid modernization and clean energy infrastructure.

  • Duke Energy sets preliminary new combined utility system usage record; 37,387 MWh today

CHARLOTTE, N.C., Jan. 23, 2025 /PRNewswire/ -- Duke Energy crews and grid operators successfully managed record-breaking power usage while generating and delivering reliable service to customers during an extended period of sustained cold temperatures.

The Carolinas service area experienced about 65 hours of freezing or below freezing temperatures beginning Jan. 20, which the area has not experienced since January 2018.

Preliminary numbers indicate that Duke Energy Carolinas and Duke Energy Progress achieved a new combined peak usage record on Jan. 23 of 37,387 MWh of electricity consumption, beating the previous record of 36,670 MWh set on Feb. 20, 2015.

"When temperatures are cold, our customers count on us to generate and deliver reliable power," said Ben Harrison, Duke Energy vice president of grid operations - planning and operations. "I commend the efforts of the crews at our power plants, in grid control rooms and in the field across the region for their work around the clock. We had a strong plan in place and have worked to help ensure we can reliably serve our customers in all types of weather."

Duke Energy relies on a diverse energy mix to meet growing energy needs across the state. That mix includes nuclear, natural gas, hydro renewables and coal, all of which are needed when demand for electricity is high. We expect those energy needs to continue to increase as we work to reliably meet customer and economic growth in the region. 

Energy efficiency is important year-round to save money on your electric bill. When temperatures are cold, it is a key time to make small adjustments to manage energy use to help save and avoid bill surprises.

Ways to save energy and money as temperatures drop

  • During the winter, reduce your thermostat to the lowest comfortable setting. The longer your house remains at the lower temperature, the more energy you save.
  • Set your water heater to 120 degrees or less. Water heating is typically the second-biggest user of energy in your home.
  • Leave drapes or blinds open on the sunny side of the home to allow the sun's rays to warm the house, but close them at night to help insulate your home.
  • Operate ceiling fans in a clockwise direction in the winter to push warm air back down into the room.
  • Cover drafty windows. Use a heavy-duty, clear plastic sheet on a frame or tape clear plastic film to the inside of window frames during the cold winter months. Make sure the plastic is sealed tightly to the frame to help reduce infiltration.
  • Install tight-fitting, insulating drapes or shades on windows that feel drafty after weatherizing.

Get personalized energy usage alerts 

Let usage alerts take the stress out of managing energy use. Get notified when you reach your personalized limit, so you're able to make changes and find ways to save before the bill arrives. 

The Duke Energy app can also provide daily and hourly usage information, so you can see your unique patterns. 

By having a smart meter and an email address on file, customers are automatically enrolled to receive usage alerts that show how much electricity they are using and how much it may cost in time to adjust. Sign in to your online account or create one here

Get more tips, learn about incentives and sign up for usage alerts and other tools to save money at duke-energy.com/WinterEnergySavings.

Tips and solutions to help save all season long

The company also has a suite of money-saving programs, tips, guidance and assistance to help lessen seasonal bill impacts. Visit our Winter Energy Savings webpage for more information: duke-energy.com/SeasonalSavings.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas unit serves 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and advanced nuclear.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

24-Hour: 800.559.3853

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/duke-energy-serves-customers-sets-preliminary-electric-use-record-in-the-carolinas-during-week-of-sustained-cold-temperatures-302359034.html

SOURCE Duke Energy

FAQ

What was Duke Energy's (DUK) new power usage record set on January 23, 2025?

Duke Energy set a new preliminary combined utility system usage record of 37,387 MWh on January 23, 2025, exceeding the previous record of 36,670 MWh from February 20, 2015.

How long did the freezing temperatures last in Duke Energy's (DUK) Carolinas service area?

The Carolinas service area experienced approximately 65 hours of freezing or below freezing temperatures beginning January 20, 2025.

What energy sources does Duke Energy (DUK) use to meet peak demand?

Duke Energy relies on a diverse energy mix including nuclear, natural gas, hydro renewables, and coal to meet high electricity demand.

What are Duke Energy's (DUK) clean energy transition goals?

Duke Energy aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Corporation

NYSE:DUK

DUK Rankings

DUK Latest News

DUK Stock Data

84.14B
771.31M
0.14%
67.36%
1.18%
Utilities - Regulated Electric
Electric & Other Services Combined
Link
United States of America
CHARLOTTE