Tampa Electric customers can expect their bills to drop about $4 a month on average in 2013, the utility announced Monday.
Tampa Electric rates will fall 4 percent from $106.90 per 1,000 kilowatt hours of usage each month to $102.58, beginning Jan. 1, a decrease attributed to lower fuel costs.
This reduction will bring residential customer bills at Tampa Electric, a subsidiary of TECO Energy, to about 14 percent below the national average of $119 per month, according to May 2012 data from the Energy Information Administration.
"Tampa Electric continues to have one of the lowest rates in Florida," said Gordon Gillette, president of Tampa Electric. "We are pleased to provide low, stable bills — consistently below the national average — while providing outstanding value to our customers."
The decrease in the fuel portion of the bill is based on lower costs for natural gas during the last six months of 2011 and the first six months of 2012, projections for the remainder of 2012 and expected fuel prices in 2013.