Make us your home page
Instagram

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 [email protected] 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

Loading...
  1. Wing of Channelside Bay Plaza being demolished to make way for Water Street Tampa

    Business

    TAMPA — The developers of Channelside Bay Plaza originally wanted the name to include "Garrison." That would have fit, in a way, because the complex turned out to be fort-like, inwardly focused and unwelcoming.

    Demolition of the southwest wing of Channelside Bay Plaza is underway, with a big chunk of the building expected to come down today.
  2. City Council candidates weigh in on noise ordinances, pier reconstruction

    Local

    ST. PETERSBURG — Residents of Bayfront Tower Condos peppered City Council candidates Tuesday night with questions about noise ordinances, road repairs and the multi-million-dollar plan to rebuild the pier.

  3. Black entrepreneur says city stiffing him on project after he endorsed Rick Baker

    News

    ST. PETERSBURG — A prominent African-American resident says his endorsement of mayoral candidate Rick Baker has led city officials to freeze him out of a major construction project along the historic "Deuces" stretch of 22nd Street S.

  4. Sen. Nelson urges FEMA to examine high number of denied flood claims

    Banking

    Sen. Bill Nelson urged FEMA on Tuesday to ensure fairness, proper oversight and transparency in processing Hurricane Irma aid following a report by the Palm Beach Post that 90 percent of Irma claims under the National Flood Insurance Program had been denied.

    Sen. Bill Nelson is calling for FEMA to ensure the flood claims process post-Hurricane Irma is fair and ethical following reports that 90 percent of claims under the National Flood Insurance Program were denied. | [Times file photo]
  5. Amazon expands in Tampa with Pop-Up shop in International Plaza

    Retail

    TAMPA — A new retailer known largely for its online presence has popped up at International Plaza and Bay Street.

    Shoppers walk past the new Amazon kiosk Tuesday at the International Plaza in Tampa. The kiosk, which opened last month, offers shoppers an opportunity to touch and play with some of the products that Amazon offers.
[CHRIS URSO   |   Times]