Electric Base Rate Adjustment
On August, 11, 2008, Tampa Electric formally filed its request for a base rate increase with the Florida Public Service Commission (FPSC), the first such request made by the company in 16 years. The proposed new rates will reflect the cost of investments the company has made to add environmentally responsible power generation and meet new reliability standards, as well as increased costs of commodities essential to the production and delivery of electricity. With FPSC approval of the proposed base rates, the overall increase for a for a Tampa Electric residential customer using 1,000 kilowatt-hours of electricity per month is anticipated to be approximately 8 percent, effective May 2009. To encourage energy efficiency and benefit lower-income customers, Tampa Electric is seeking approval from the FPSC for tiered base rates. Under a tiered rate structure, the first 1,000 kWh you use would be billed at one rate, and any usage above that 1,000 kWh would be billed at a slightly higher rate. If approved, tiered base rates would take effect in May 2009. Read our news release.
Fuel Rates
The Florida Public Service Commission approved Tampa Electric’s petition for an inverted fuel rate for residential customers: beginning in January, customers will pay 6.416 cents per kWh for fuel up to 1,000 kWh, and then 7.416 cents per kWh for usage over 1,000 kWh. This tiered fuel conservation measure is linked to Tampa Electric’s base rate filing, in which the company has also sought approval for an inverted, two-block base energy rate for residential customers. Due to lower projections for 2008 and 2009 natural gas prices and the company’s ongoing cost management efforts including maximization of the use of coal, the bill increase for a residential customer using 1,000 kilowatt-hours (kWh) of electricity will be almost $11 less than originally projected. Starting in January 2009, the 1,000 kWh per month residential bill will be $128.44, compared with the original estimate of $139.25. The Commission has also finalized its approval of all of Tampa Electric’s fuel, environment and conservation costs the company sought to recover beginning January 1, 2009. Read more.
Understanding Power Costs
When you pay your monthly electric bill, what exactly are you paying for? Here you’ll find an explanation of your bill components and the costs that go into your electric service.
Energy Efficiency
See what Tampa Electric is doing to better serve our customers now through new and expanded energy-saving programs.
Customer Communications
View and print important information about Tampa Electric’s proposed changes to your electric base rate and service charges.
