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 $4.45 less for the month. The overall decrease reflects the combined $2.87 drop in TVA’s scheduled transition month rate and a $1.58 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 $146.00 in March to $141.55 in April.
“In comparison, the April fuel cost amounts are approximately 10 percent lower than the recent three-year April average,” said FPU’s CEO and General Manager Britt Dye. “TVA credits this month’s decrease mainly to milder weather in February and higher expectations for hydro generation in April.”
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. Other transition months are October and November. 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.
Higher TVA energy rates are generally expected during peak heating and cooling seasons. Summer rates include the months of June through September; winter rates include December through March.
Please check FPU’s website at www.fpu-tn.com for a detailed listing of electric rates effective in April.