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Fayetteville Public Utilities has announced that February’s electric rates will increase as the Tennessee Valley Authority’s total monthly fuel cost climbs slightly by 77 cents on an average electric bill of 1,330 kilowatts. February utility bills may also be affected by additional heating and water use during January’s extreme cold temperatures.
In the month of January, the average electric use of 1,330 kilowatts cost consumers $139.98. With the 77-cent increase, the total monthly fuel cost adjustment effective Feb. 1, the same electric use will cost $140.75.
The recent cold weather in January is also likely to increase electric bills even more as consumers used more energy to heat their homes and businesses, according to FPU’s CEO and General Manager Britt Dye.
“During the recent cold spells, FPU recorded a new record peak load for our system at 119 megawatts while TVA preliminary peak was recorded for the Valley at 33,353. Both of these peak loads was reached on Friday, Jan. 24,” said Dye.
Colder temperatures naturally increase electric and natural gas utility bills due to the need for additional heating. FPU customers could also see increases reflected on their February bills for additional water use from dripping faucets or water leaks.
February electric rates continue to reflect TBA’s winter period rate schedule. TVA’s winter season rates began on Dec. 1 and will remain in place through March 31.
For a complete listing of Fayetteville Public Utilities electric rates, visit their website at www.fpu-tn.com, and click on the rates section. To help electric consumers with their energy costs, FPU offers a budget-billing plan to average monthly electric and natural gas bills. Contact the FPU customer service department for details at (931) 433-1522.