Duke Energy’s volume trends
Favorable weather triggered electricity utilization mainly in Duke Energy’s (DUK) residential customer class, while its industrial sales continued to remain under pressure in 3Q16. The chart below shows retail sales and customer growth in the reported quarter.
Duke’s electric sales in the residential sector witnessed a 1.1% increase, while industrial sales experienced a mere 0.2% rise on a rolling 12-month basis.
US utilities (XLU) are experiencing sluggish demand growth in the electric domain largely due to energy efficiency programs.