Fayetteville Public Utilities (FPU) announced this week that Tennessee Valley Authority’s (TVA) total monthly fuel cost will decrease in February by $1.43 for residential electric customers who use the average of 1,330 kilowatts (kWh).
January’s average residential electric bill based on the 1,330 kWh was $146.72. The same electric use in February will cost FPU customers $145.29.
According to TVA, although the fuel cost is lower than that of last month, their overall system average fuel cost amount is about 4% higher than the three-year average February fuel cost amount. TVA states that its higher-than-expected fuel cost amount is mostly a result of recent drought conditions which reduced their ability to rely on the more affordable hydro generation to the levels that it had previously planned.
“Keep in mind that even with a decrease in the total monthly fuel cost for February, electric bills are typically higher in the winter months due to additional electric use for heating and lighting,” says FPU’s CEO and General Manager Britt Dye.
FPU reminds its customers that TVA’s winter season rates will remain in place through March 31. The total monthly fuel cost will continue to change monthly.
For a complete listing of FPU’s electric rates, click on the RATES section on our website.
To help customers with their energy costs, FPU offers a budget billing plan which averages monthly electric and natural gas bills. We also offer TVA’s eScore program to help customers save on their energy costs through recommended energy-efficient home improvements. Call FPU at (931) 433-1522 and speak with a customer service representative about budget billing and eScore.