Electric rates fall in transition month

Fayetteville Public Utilities announced this week that electric customers will see a $1.59 total decrease on their electric bills as the Tennessee Valley Authority rates change effective April 1.

April and May are included in the Tennessee Valley Authority’s transition months. This decrease reflects the average electric use of 1,330 kilowatt hours and is based on the combined effects of a $2.53 drop in the electric rate and a 94-cent increase in the total monthly fuel cost adjustment for the month.

“Beginning April 1 through May 31, TVA’s energy rates move from a winter month rate to a transition month rate, resulting in an overall decrease in energy charges,” FPU’s CEO and General Manager Britt Dye says. “When combined, the increased TVA fuel cost and decreased transition rate result in a decrease of $1.59 for the 1,330 average kilowatts.”

Dye explains that TVA’s cost to produce electricity decreases as energy demand during moderate temperature months throughout the year reduces typical electric use and requires less peak production of power.

In March, customers using 1,330 kilowatt-hours were billed $147.96. In April, electric bills for the same kilowatt use will be $146.37.

To further help electric consumers with their energy costs, FPU offers a budget billing plan to average monthly electric and natural gas bills. FPU also offers the TVA Do-It-Yourself Energy Audit. The audit is available online at www.fpu-tn.com. You may also visit FPU and pick up a paper version of the energy audit.

Please check FPU’s web site at www.fpu-tn.com for a detailed listing of electric rates effective in April.

Posted on Wednesday, April 2, 2014 at 6:06 am