In a recent decision on February 22, 2026, the North Carolina Public Utility Commission has approved a rate increase for residents across the state. The decision comes after months of deliberation and hearings to determine the necessity of the rate hike and its potential impact on consumers.The rate hike, which is set to go into effect on March 1, will see an average increase of 4.5% in utility bills for residents. This increase will affect customers of major public utility companies operating in the state, including Duke Energy and North Carolina Power.According to the Public Utility Commission, the rate hike is necessary to cover the rising costs of maintaining and upgrading the state's utility infrastructure. The Commission cited the need for investments in renewable energy sources, grid improvements, and cybersecurity measures as key factors influencing the decision.While the rate hike may come as a disappointment to many residents, the Commission has stated that it is necessary to ensure the reliability and security of the state's utility services in the long term. They also emphasized the importance of balancing the needs of consumers with the financial viability of utility companies.In response to the decision, consumer advocacy groups have expressed concerns about the potential burden on low-income households and are calling for greater transparency in how rate increases are determined. They argue that residents should have a say in how their utility rates are set and that there should be more accountability from utility companies in justifying rate hikes.Overall, the approval of the rate hike by the North Carolina Public Utility Commission signals a shift in the state's approach to regulating utility services. As residents brace for higher utility bills in the coming months, the Commission will continue to monitor the impact of the rate increase on consumers and ensure that utility companies fulfill their obligations to provide reliable and affordable services to all residents.