1. News
  2. /
  3. Business

Tampa Electric customers’ bills will drop slightly next year

The reduction comes because of a drop in Florida’s corporate tax rate.

Tampa Electric Co. customers will pay less for their monthly bills beginning next year for the same amount of power.

State utility regulators this week agreed to reduce what the average residential customer pays per 1,000 kilowatt hours to $102.19, a 33-cent reduction.

The drop comes from a reduction in Florida’s tax rate for businesses. This is in addition to the already approved one-time bill reduction of $9 for Tampa Electric customers from the utility’s savings under the 2017 federal tax reform.

“Tampa Electric works hard to keep bills among the lowest in Florida,” Nancy Tower, CEO of Tampa Electric, said in a release. “We are pleased we can pass these additional savings on to our customers.”