Fayetteville Public Utilities (FPU) released this week that residential electric bills will decrease by $2.33 based on the average bill of 1,330 kilowatt hours (kWh). The decrease is a result of lower electric rates charged under the Tennessee Valley Authority’s (TVA) set transition months.
Based on their electric use, FPU’s residential customers who use the average of 1,330 kWh could see bills decrease from $143.65 in March to $141.32 in April.
“TVA’s transition-month rates typically decrease as energy demand during moderate-temperature months, like April, work to reduce energy demand across the Valley,” says FPU’s CEO and General Manager Britt Dye. “Lower energy demand during milder temperatures means less peak-time power production and less reliance on higher-cost resources used to generate electricity. This all works together to help reduce our energy costs during the milder temperature months.”
Transition months for electric rates include April, May, October and November. The spring transition month rates will be in effect from April 1 through May 31. The total monthly fuel cost is adjusted monthly based on the cost and availability of resources used by TVA to generate electricity.
To further help electric consumers with their energy costs, FPU offers a budget billing plan to help customers better control their monthly electric and natural gas bills. FPU also offers TVA’s eScore program and Do-It-Yourself Energy Audit. Information and links to both energy programs are available on FPU’s website or you may visit FPU for a paper version of the energy audit and for information about the eScore program.
Please check our website for a detailed listing of the April electric rates.