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Lakeland Electric Decreases Fuel Charge Effective October 3, 2011

FOR IMMEDIATE RELEASE

CONTACT:

Kevin Cook
Director of Communications | City of Lakeland
228 S. Massachusetts Ave.  Lakeland, FL 33801


LAKELAND ELECTRIC DECREASES FUEL CHARGE EFFECTIVE OCTOBER

ENVIRONMENTAL COMPLIANCE CHARGE ALSO DECREASED

LAKELAND, FL (September 19, 2011) - The Lakeland City Commission voted to decrease the fuel charge for Lakeland Electric customers 75 cents per 1,000 kWh effective for meters read on or after October 3rd.  The new fuel charge will be $49.90 per 1,000 kWh.  As of October 3rd, Lakeland Electric residential customers will pay $109.42 for 1,000 kWh of electricity.

RESIDENTIAL RATES BASED ON 1,000 kWh

Past                 New Rates – Effective October 1, 2011

Base Rate        $59.52                                     $59.52

Fuel Charge    $50.65                                     $49.90

TOTAL:            $110.17                                  $109.42

 

With the decrease in the fuel charge, Lakeland Electric rates remain the 5th lowest out of the 37 utilities serving Florida residential customers and the 4th lowest in Florida for large commercial customers.  After listening to a staff presentation at the September 19, 2011 Utility Committee Meeting, the Lakeland Electric Utility Committee recommended to decrease the current fuel charge based on favorable natural gas prices.

Lakeland Electric bills are broken out for customer convenience in detail to show the base charge, fuel charge and appropriate taxes and service charges.  The fuel charge on a utility bill is exactly that, the actual costs for fuel used to generate the amount of electricity used within your residence.  Most utilities subscribe to the same billing practice and break out the base rate and the fuel charge for their customers. There is no mark-up in fuel.  In fact, fuel is a straight pass-through to customers. 

The Utility Committee also voted unanimously to reduce the environmental compliance charge by 4% from $2.559 to $2.456 per 1,000 kWh. This vote was also passed by the City Commission during the September 19, 2011 meeting. Environmental Compliance Charges are directly related to federal and state initiatives regarding clean air and water mandates. Most of the expenses are related to energy production and include air emission controls, water quality monitoring and capital spending for equipment necessary to comply with the Environmental Protection Agency’s Clean Air Act. 

Visit www.lakelandelectric.com for more information and to see a residential rate comparison.

 

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