Fayetteville Public Utilities (FPU) announced this week that Tennessee Valley Authority’s (TVA) total monthly fuel cost will decrease in February by $1.70 for residential electric customers who use the average of 1,330 kilowatts (kWh).
January’s average residential electric bill based on the 1,330 kWh was $149.38. The same electric use in February will cost FPU customers $147.68.
According to TVA, although the fuel cost is lower than that of last month, their overall system average fuel cost amount is about 3 percent higher than the three-year average for February. Milder weather in December along with hydro generation being 22 percent higher than anticipated helped to partly offset the February fuel cost.
“Keep in mind that even with a decrease in the total monthly fuel cost for February, electric bills are typically higher in the winter months due to additional electric use for heating and lighting,” said FPU’s CEO and General Manager Britt Dye.
FPU reminds its customers that TVA’s winter season rates will remain in place through March 31. The total monthly fuel cost will continue to change monthly.
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 website at www.fpu-tn.com and click on the rates section.