Sunday, November 18, 2018
Business

Duke Energy customer bills may go up next year. TECO bills may go down

TAMPA — Tampa Bay ratepayers’ utility bills may go up or down next year depending on which side of the bay they live.

Tampa Electric Co filed with state regulators Friday to cut customers’ monthly bills by $8 to $99.55 per 1,000 kilowatt-hours used. That’s the lowest since 2005, Tampa Electric said. The drop is primarily because of lower fuel and "environmental compliance costs," and would be on top of a $6.50 monthly drop because of tax reform.

Duke Energy Florida customers, meanwhile, could see an 88-cent monthly increase to $128.78 per 1,000 kilowatt-hours based on Duke’s rate filing. This accounts for the combined impact of its solar projects, projected fuel costs, newly-running natural gas plant in Citrus County and grid improvements.

Separately, Duke customers won’t see an increase of $5.20 per 1,000 kilowatt-hours because savings from last year’s tax law were used to cover storm costs. Customers weren’t charged for this, so it will not affect their bills.

The Florida Public Service Commission is set to vote on the requests Nov. 5. Any changes would go into effect beginning in January.

MORE: Get more business news here

Contact Malena Carollo at [email protected] or (727) 892-2249. Follow @malenacarollo.

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