Make us your home page

Tampa Electric to lower its rates in May

Tampa Electric customers will see their electric rates drop 11 percent next month, following changes approved Tuesday by state regulators.

How much individual customers will save depends on how much electricity they use. The utility will charge a higher rate to customers who use more than 1,000 kilowatt hours a month.

For the first 1,000 kilowatt hours, the rate will drop from $128.44 to $114.06 starting in May, more than reversing a January rate increase. The average residential customer uses about 1,200 kilowatt hours a month, although use varies widely.

A customer using 1,250 kilowatt hours a month will pay $145.02, down from $160.94, a decrease of nearly 10 percent.

Other utilities, like Progress Energy and Florida Power & Light, have used tiered rates for years.

The utility said commercial customers will see a decrease in their monthly bills of 5 to 14 percent, and industrial customers will see a drop of 11 to 20 percent.

"We are pleased that our customers will experience lower bills during these difficult economic times," said Chuck Black, president of Tampa Electric.

Electric rates have trailed fuel costs on their wild ride in the last year, first following fuel prices upward and, now, plunging as fuel prices remain low.

On Tuesday, the Public Service Commission permitted Tampa Electric to reverse a fuel rate increase put in place to help the utility recoup unexpectedly high fuel costs from 2008. Under state law, utilities are not allowed to profit from fuel. It's a pass-through to consumers. Fuel rates are adjusted annually, but have swung wildly this year because of volatile fuel markets.

Also on Tuesday, the commission followed up on its March decision to allow Tampa Electric to raise its base rates. Under a decision made last month, Tampa Electric's base rates will likely increase again later this year as the utility brings new generators on line. It's unclear what the rates will be.

Asjylyn Loder can be reached at or (813) 225-3117.

Tampa Electric to lower its rates in May 04/07/09 [Last modified: Tuesday, April 7, 2009 10:49pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming


    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street


    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24


    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters


    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]