FPU announces increase in TVA’s monthly fuel cost for January

Fayetteville Public Utilities (FPU) announces that Tennessee Valley Authority’s (TVA) total monthly fuel cost will increase in the month of January by $1.42 for residential electric customers who use the average of 1,330 kilowatts (kWh).

In the month of December, the average electric use of 1,330 kWh cost FPU consumers $139.81. In January, the same electric use will cost consumers $141.23.

“With colder winter months come a greater demand of energy production, purchased power and natural gas generation which all increase our energy costs as reflected in and recovered through TVA’s total monthly fuel cost adjustment,” says FPU’s CEO and General Manager Britt Dye. 

Although fuel cost rates are increasing for January 2015, TVA states that the amount is approximately 9% lower than the three-year average January amount.

“During this time of year when more energy is needed for heating and lighting, utility bills normally increase to reflect additional electric use,” says Dye.

Winter season rates began on December 1st and remain in place through March 31st.  The total monthly fuel cost will continue to change monthly.

“The January changes in TVA’s electric rate structure continue to remain revenue-neutral for FPU,” says Dye. “The seasonal rates and fuel costs are pass-through increases and decreases for FPU.”

For a complete listing of Fayetteville Public Utilities electric rates, click on the RATES section in the menu on the left.