Electric fuel cost decreases in May

Fayetteville Public Utilities announced this week that electric customers will see a decrease in the Tennessee Valley Authority’s total monthly fuel charge of $1.17 for the average bill of 1,330 kilowatts effective May 1.

The decrease of $1.17 reduces a customer’s average electric bill for 1,330 kilowatts from $143.10 in April to $141.93 in May.

The month of May continues as a transition month for electric rates which means lower rates from TVA.

“TVA adjusts the total monthly fuel cost based on its expense of generating electricity using various resources and fuels,” says FPU’s CEO and General Manager Britt Dye. “The May decrease is driven by TVA’s lower forecast for purchased power and natural gas rates. TVA’s total monthly fuel cost charge is a pass-through charge from TVA to FPU’s electric customers.”

To further help electric consumers with their energy costs, FPU offers a budget billing plan to average monthly electric and natural gas bills.  FPU also offers the TVA Do-It-Yourself Energy Audit. The audit is available online. Simply click the energy survey graphic at the right of this page. You may also visit FPU and pick up a paper version of the energy audit.

Please check FPU’s web site for a detailed listing of electric rates effective in May.