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Electric fuel cost to increase this month

Posted on Wednesday, May 1, 2013 at 2:17 am

Fayetteville Public Utilities announced this week that electric customers will see an increase of $1.59 in the Tennessee Valley Authority’s total monthly fuel charge on their bills effective May 1.

This increase of $1.59 reflects the average electric use of 1,330 kilowatt hours.

“TVA adjusts part of its energy rates monthly based on its expense of generating electricity using various resources and fuels,” said FPU’s CEO and General Manager Britt Dye.

“TVA has to pay more for fuel this spring because March was colder than we expected,” said a TVA spokesman. “We had to purchase more fuel than planned to meet demand.”

In April, customers using 1,330 kilowatt hours were billed $136.96. In May, electric bills for the same kilowatt use will be $138.55.

The total fuel cost charge is a pass-through charge from TVA to FPU’s electric customers.

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 May.