Fayetteville Public Utilities (FPU) announced this week that residential electric customers will see lower rates on April electric bills as the Tennessee Valley Authority’s (TVA) seasonal rate and total monthly fuel cost amounts decrease.
For residential customers using the average 1,330 kilowatts (kWh), bills will be $5.70 less for the month. The overall decrease reflects the combined $2.89 drop in TVA’s scheduled transition month rate and a $2.81 decrease in TVA’s total monthly fuel cost which is adjusted each month.
Based on the average bill for 1,330 kWh, residential electric bills will decrease from $143.85 in March to $138.15 in April.
“TVA credits this month’s decrease in the total monthly fuel cost mainly to warmer temperatures in February. As a result TVA didn’t generate as much electricity as expected,” said FPU CEO and General Manager Britt Dye.
The months of April and May are scheduled transition months for TVA’s rates, so the lower transition month rates will be in effect from April 1 through May 31. Typically during transition months, electric rates will decrease due to lower energy demand during moderate-temperature months which reduce electric use and require less peak-time power production.
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 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.
Please check FPU’s website at www.fpu-tn.com for a detailed listing of electric rates effective in April.