TBO.com - TBO is Tampa Bay Online

More Stable Fuel Prices Might Mean Lower Electric Bills

ADVERTISEMENT

The Tampa Tribune

Published: September 5, 2007

Thanks to stabilizing fuel costs, Bay area residents might see lower electric bills next year. Progress Energy Florida and Tampa Electric, the two largest utilities in the Bay area, both said Tuesday they expect to pay less next year for natural gas, coal and other fuels they use to produce electricity and hope to pass the savings on to customers.
Electric utilities aren't allowed to make money from the purchase of fuels used to generate electricity. Those costs must be passed on to customers without any markup. If approved, residential customers of Tampa Electric would see bills drop 16 cents to $114.38 per 1,000 kilowatt-hours of electricity they consume. If the state Public Service Commission approves the proposals, the rates would become effective Jan. 1.

Business, Page 1

•Tampa Electric serves 666,219 residential and commercial customers in Hillsborough County and parts of Pasco, Polk and Pinellas counties.

•Under Progress Energy's proposal, electric bills for residential customers would drop $2.27, or about 2 percent, to $108.07 for every 1,000 kilowatt-hours of consumption.

Share this:

Loading Comments...

Email Print

ADVERTISEMENT