Fayetteville Public Utilities (FPU) announced this week that electric customers will see an increase in the total monthly fuel cost charge on their bills effective July 1.
For the average bill of 1,330 kilowatts (kWh), the increase is $1.52.
FPU residential customers who use the average 1,330 kWh, the bills will increase from $150.08 in June to $151.60 in July.
According to TVA, the fuel cost for July is approximately 12 percent lower than the three-year average July amount. July’s total monthly fuel cost increase is due to warmer temperatures in May which resulted in more energy being used than originally forecast.
“TVA hydro generation was higher than anticipated which helped to offset fuel costs, but fuel expenses were still higher than expected which contributed to the increase for July,” said FPU’s CEO and General Manager Britt Dye.
The months of July through September continue to be billed based on TVA’s summer rates where overall energy rates are generally higher due to the increased demand for electricity to support air conditioning and other summer-related energy use. The total monthly fuel cost continues to change monthly based on TVA’s variable cost of resources used in energy 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 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.
Visit FPU’s website at www.fpu-tn.com for a complete listing of electric rates effective July 1.