Close Menu
  • Gaming
    • Game Guides
    • Codes
    • Game News
    • Game Previews
    • Game Reviews
    • Game Features
    • Game Lists
    • Platforms
      • Nintendo
      • PC
      • PlayStation
      • Xbox
      • Mobile
  • Entertainment
    • Movies
    • Movie Features
    • Movie Reviews
    • TV
    • Reality TV
    • Royals
  • Celebrity
    • Hollywood
  • Human Interest
  • Astrology
  • More
    • Anime
    • Lists
    • Podcasts
    • Reviews
Facebook X (Twitter) Instagram LinkedIn YouTube
  • About Us
  • Join Our Team
  • Meet the Team
  • Privacy Policy
  • DMCA Policy
  • Contact Us
  • Terms of Use
  • Sitemap
  • Editorial Guidelines
  • Advertising Policy
The Nerd Stash
  • Gaming
  • Celebrity
  • Hollywood
  • Human Interest
The Nerd Stash
Home»News»Furious North Carolina Locals Call Duke Energy ‘Biggest Extortionist in the World’ as Monopoly Faces Audit Demands

Furious North Carolina Locals Call Duke Energy ‘Biggest Extortionist in the World’ as Monopoly Faces Audit Demands

Time for change.

Alex GibsonBy Alex GibsonApril 7, 20263 Mins Read
Duke Energy rate hike
Image source: Pexels

Calls for accountability are intensifying across North Carolina as residents push for an independent audit of Duke Energy, with critics increasingly framing the utility as a monopoly that operates with too little oversight.

A petition demanding a full audit of Duke Energy’s billing system has drawn more than 77,000 signatures from North and South Carolina residents. The effort seeks to determine whether customers have been overcharged and whether refunds should be issued. It comes amid widespread concern over rising utility bills that many households say are difficult to explain.

“Unexpected and unexplainable increases… impact our ability to plan and manage our household finances,” the petition states, pointing to the growing strain on families already dealing with higher living costs.

In local online community forums such as the North Carolina subreddit, frustration has boiled over into sharper language and broader criticism of the system itself. Truth be told, it’s been bubbling for some time.

“Duke Energy is the biggest extortionist in the world,” one Reddit user wrote, capturing a sentiment that has gained traction as bills climb and trust erodes.

Duke Energy Accused of Monopoly Control in North Carolina

At the center of the backlash is Duke Energy’s position as a regulated utility monopoly. While that structure is designed to ensure consistent service, critics argue it also limits competition and leaves customers with few alternatives when rates rise.

“I’ve never understood how this is one of the few industries where a company gets to hold a monopoly while still being profit driven,” one commenter wrote.

Duke Energy maintains that its rates are set through a regulated process overseen by the North Carolina Utilities Commission and attributes recent bill increases in part to seasonal weather. The company is also seeking additional rate hikes in the coming years, with public hearings already underway.

Still, for many residents, the audit push is less about a single rate increase and more about transparency in a system they feel is tilted against them.

“Show me the repairs… show me the actual work,” one user wrote, calling for clearer evidence that rising costs are justified.

Some commenters noted that Duke Energy already undergoes independent financial audits as a publicly traded company. But others pushed back, arguing that standard audits do not address whether a monopoly utility is charging customers fairly.

“That does nothing to prove that they aren’t overcharging,” one response read.

According to a report from NC Voices, Data from the Energy and Policy Institute has added fuel to the debate. Its Utility Profit Tracker estimates that about $21.70 of a typical $100 Duke Energy Carolinas bill goes toward profit, a figure critics say underscores the need for closer scrutiny.

North Carolina Rate Hike Sparks Backlash as Duke Energy Pushes 18% Increase: ‘Privatize the profit, socialize the costs’
Related: North Carolina Rate Hike Sparks Backlash as Duke Energy Pushes 18% Increase: ‘Privatize the profit, socialize the costs’

With public pressure building and regulatory hearings ongoing, the audit movement is quickly evolving into a broader challenge of how North Carolina regulates its most essential services and whether the current system is working for the people it serves.

Related Topics
North Carolina
Share. Facebook Twitter LinkedIn Reddit Email
Alex Gibson
  • Website

Alex is the website's Managing Editor. An Honour's graduate from Auckland University in Political Science and Creative Writing, Alex writes a blend of local political news, viral content, and -- when he has time -- his beloved video gaming hobby.

SUGGESTED READS

A city audit in Long Beach triggered the termination of a $14 million shelter contract with a nonprofit accused of mismanaging funds, prompting widespread discussion on X.
News

Long Beach Fires Nonprofit Running City’s Homeless Shelters After Audit Uncovers Fraud Signs: ‘Wow! The numbers are staggering!’

A widely shared X post highlights a CBS interview where California transportation officials acknowledge they lack the full funding for the San Francisco–Los Angeles high‑speed rail and discuss a $125 billion ask, drawing sharp questions about spending and priorities.
News

Steve Guest Blasts California’s High-Speed Rail Officials Over $125 Billion Funding Plea: ‘Complete Joke!’

Dr. Mehmet Oz’s viral X clip alleges massive hospice fraud in Los Angeles and questions California’s oversight.
News

Dr. Oz Highlights ‘Massive Hospice Fraud’ in Los Angeles: Says 221 Providers Were Suspended in 10 Weeks

colorado flock cameras
News

Colorado Locals Warn 110 Flock Camera Shut Down ‘Isn’t a Victory’ as New Company Set to Take Over

News

Gov. Kathy Hochul Expands New York Childcare Spending to $4.5 Billion: ‘Wonder Where All the Money Is Coming From?’

north carolina duke energy
News

North Carolina Rate Hike Sparks Backlash as Duke Energy Pushes 18% Increase: ‘Privatize the profit, socialize the costs’

The Nerd Stash
Facebook X (Twitter) Instagram YouTube LinkedIn
  • About Us
  • Join Our Team
  • Meet the Team
  • Privacy Policy
  • DMCA Policy
  • Contact Us
  • Terms of Use
  • Sitemap
  • Editorial Guidelines
  • Advertising Policy
© 2026 The Nerd Stash. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.