Duke Energy offers tips to save energy and money as temperatures soar in Ohio and Kentucky

Rhea-AI Summary

Duke Energy (NYSE: DUK) has released energy-saving tips for customers in Ohio and Kentucky as temperatures rise, potentially leading to higher energy usage and bills. The company recommends:

• Setting thermostats at the highest comfortable setting
• Avoiding use of washers, dryers, and dishwashers during peak hours
• Closing blinds and curtains to reduce solar heat gain
• Using microwaves, cooktops, or outdoor grills instead of electric ovens
• Utilizing ceiling fans efficiently
• Turning off unnecessary appliances and lights

Duke Energy Ohio/Kentucky serves 910,000 electric and 560,000 natural gas customers. The parent company, Duke Energy, is executing an ambitious clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Positive

• Duke Energy is proactively offering energy-saving tips to help customers manage costs during high-temperature periods
• The company serves a large customer base: 910,000 electric and 560,000 natural gas customers in Ohio and Kentucky
• Duke Energy is executing a clean energy transition plan, aiming for net-zero emissions in key areas by 2030 and 2050

Negative

• High temperatures may lead to increased energy usage and higher bills for customers
• The company may face challenges in maintaining grid reliability during peak demand periods

News Market Reaction – DUK

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On the day this news was published, DUK declined 0.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CINCINNATI, Aug. 27, 2024 /PRNewswire/ -- With temperatures soaring across the Midwest this week, Duke Energy has tips to help you take control of your energy use while keeping you and your family cool.

High temperatures can lead to higher energy usage and higher bills as Duke Energy customers try to stay cool. To help manage costs and to reduce overall energy demand, particularly during the afternoon hours when usage tends to peak, customers can follow these simple tips:

• Set your thermostat at the highest comfortable setting. The smaller the difference between the inside and outside temperatures, the lower your energy usage.
• Avoid using your washer/dryer and dishwasher during the day. If possible, delay using those appliances until evening.
• Close blinds and curtains during the day to help reduce solar heat gain and keep your home cooler.
• Microwaves and cooktops use less energy than electric ovens. Also consider outdoor grilling during those high-demand hours to keep your indoor temperatures lower.
• Using a ceiling fan can make a room feel cooler than it actually is. Remember, though, that fans cool people, not rooms, so turn them off when you leave the room.
• Turn off any unnecessary appliances, unused plug-ins and lights.

Find more tips and tools to help control energy use and costs at duke-energy.com/SeasonalBills.

Duke Energy Ohio/Kentucky
Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to 910,000 residential, commercial and industrial customers in a 3,000-square-mile service area, and natural gas service to 560,000 customers in a 2,650-square-mile service area, in Ohio and Kentucky.

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 utilities serve 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 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.

Contact: 24-Hour: 800.559.3853 

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SOURCE Duke Energy

FAQ

What energy-saving tips does Duke Energy (DUK) recommend for hot weather?

Duke Energy recommends setting thermostats higher, avoiding appliance use during peak hours, closing blinds, using energy-efficient cooking methods, utilizing ceiling fans effectively, and turning off unnecessary devices.

How many customers does Duke Energy (DUK) serve in Ohio and Kentucky?

Duke Energy Ohio/Kentucky serves 910,000 electric customers and 560,000 natural gas customers in Ohio and Kentucky.

What are Duke Energy's (DUK) clean energy 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.

How can Duke Energy (DUK) customers find more energy-saving tips?

Customers can find more tips and tools to control energy use and costs at duke-energy.com/SeasonalBills.