Fayetteville Public Utilities (FPU) announced this week that Tennessee Valley Authority’s (TVA) total monthly fuel cost will increase for the month of January by $1.20 for residential electric customers who use the average of 1,330 kilowatts (kWh).
In the month of December, the average electric use of 1,330 kWh cost FPU customers $148.18. In January, the same electric use will cost customers $149.38. According to TVA, the January 2019 total monthly fuel costs is approximately six percent higher than the three-year average.
“November weather was extremely cold with 30 percent higher than normal heating degree days which contributed significantly to the increase,” said FPU’s CEO and General Manager Britt Dye. “Even with hydro generation being higher than anticipated, the outcome was only able to partly offset the higher fuel costs.”
FPU encourages customers to download the Smart Hub app to their computer or mobile devices. SmartHub is a free service offered by FPU and gives customers access to historical and daily utility use information so that they can make decisions about how they use their utilities during peak times.
To help consumers with their energy costs, FPU offers a budget billing plan which averages monthly electric and natural gas bills. Call FPU at 433-1522 and speak with a customer service representative about the budget billing plan.
For a complete listing of FPU’s electric rates, visit their web site at www.fpu-tn.com, and click on the rates section.