Piedmont Natural Gas Cuts North Carolina Rates
The decrease, effective November 1, 2026, is the utility's fifth rate drop this year.
Updated on Nov. 5, 2026 in Utilities
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Piedmont Natural Gas decreased its North Carolina rates effective Sunday, November 1, 2026, announced in a November 5, 2026 news release. The change lowers the average residential customer bill by about $12 per year.
Why it matters
The latest cut is the fifth rate decrease Piedmont Natural Gas has made in 2026, and together the five drops lower the average residential bill by about $112. For North Carolina households, the reductions bring natural gas costs down across the year.
The decrease cuts the average residential bill by about $12 per year, bringing the cumulative reduction across five 2026 rate drops to roughly $112. The source does not specify the pre-decrease average bill, so the percentage change cannot be calculated.
The players
Piedmont Natural Gas
Piedmont Natural Gas is a natural gas distribution utility that is a subsidiary of Duke Energy and serves more than a million customers in the Carolinas.
Duke Energy
Duke Energy is a large electric utility holding company headquartered in Charlotte, North Carolina, which owns Piedmont Natural Gas.
The details
Piedmont Natural Gas, a subsidiary of Duke Energy, distributes natural gas to more than a million customers in the Carolinas. The rate decrease applies to its North Carolina customers and took effect Sunday, November 1, 2026.
Timeline
2026: Piedmont Natural Gas made four earlier rate drops this year.
November 1, 2026: Decreased rates took effect.
November 5, 2026: Piedmont announced the rate decrease in a news release.
Industry Dynamics
This fifth decrease continues a series of four earlier 2026 rate drops by Piedmont Natural Gas, extending a sustained pattern of falling natural gas rates for its customers. The cumulative reduction of roughly $112 on the average residential bill reflects that multi-step trend rather than a single adjustment.
Residential natural gas customers of Piedmont Natural Gas in North Carolina will see the average bill fall by about $12 per year starting November 1, 2026. Cumulatively, the five 2026 rate drops reduce the average residential bill by roughly $112.
The takeaway
Customers who want to track how the reduced rate affects their own bills can compare future statements against their pre-November 2026 charges. Households with natural gas service in North Carolina should note the decrease takes effect with the November 1 billing period.
Further reading
Explore more coverage in the Utilities section for context on how regional energy costs are changing.
Source note: This article includes information reported by Wbtv.
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