TERRE HAUTE, Ind. (WTWO/WAWV)– A ruling from the Indiana Utility Regulatory Commission means significant price hikes for Duke Energy customers.

The commission approved the company’s request for a rate hike. Residential rates will increase 16% starting in July. McKenzie Barbknecht, a spokesperson for Duke Energy, said one of the biggest reasons for the change were record-high gas prices.

“We are seeing the highest sustained prices for fuel that we’ve witnessed in a decade,” she said. “Global demand and tight fuel supplies as well as labor shortages at coal mines and railroads are affecting the cost of the power we produce as well as what we purchase in the energy markets.”

Commercial rates will increase 20%, while industrial rates will rise about 26%, according to Barbknecht.

The increases are slated to last from July through September. Local resident Linda Drummy, who is a customer of Duke Energy, said the higher prices make a tough time even tougher.

“It seems like everything is more expensive, and I really can’t afford an increase in my utility bill,” she said.

Barbknecht said those who need financial assistance can contact 800-521-2232 to discuss payment plans and resources for help.