Data Centers to Face New Power Billing in Duke Energy’s Region

Duke Energy Corp. has set up a new way to bill data centers and factories for electricity in the latest move by US utilities to deal with the massive growth in energy demand.

The US utility began putting the rate structures into place for new customers late in the first quarter after Duke’s “hyperscale team” studied how to make sure those users are shouldering their fair share of grid improvements and other costs, Chief Financial Officer Brian Savoy said in a Tuesday interview.

“The companies are looking for areas where there is capacity, but it’s not unlimited,” Savoy said after ...