Regulators have approved a rate increase of over the next two years for Duke Energy customers in South Carolina.
The Public Service Commission says Duke Energy's residential customers will see about a 5.53 percent increase starting later this month with an additional 2.63 percent increase in 2014.
Duke Energy initially asked for a 15 percent increase, and the Office of Regulatory Staff countered by asking the commission to cut it in half.
An average household can expect to see about a $10 increase in their power bill.
"Right now, it runs between $150 and $175, so a 10 percent increase is going to be a huge difference for me," said resident Kay Martin.
Officials say the utility needs the additional money to recoup what it has already paid for new power plants and equipment to comply with regulations. Duke Energy has 540,000 customers in South Carolina, mostly in the Upstate. The company says their rates are still some of the lowest in the nation.