Lakeland Electric Reduces Fuel Charge - Effective April 2nd
The Lakeland City Commission voted to decrease the fuel charge for Lakeland Electric customers $5.60 per 1,000 kWh effective for meters read on or after April 2, 2012. The new fuel charge will be $38.60 per 1,000 kWh. Starting April 2, 2012 Lakeland Electric residential customers will pay $98.12 for 1,000 kWh of electricity.
After listening to a staff presentation at the March 19, 2012 Utility Committee Meeting, the Lakeland Electric Utility Committee recommended to decrease the current fuel charge based on favorable natural gas prices. The City Commission reconvened and unanimously approved the recommendation.
RESIDENTIAL RATES BASED ON 1,000 kWh
Current New Rates – Effective April 2, 2012
Base Rate $ 59.52 $ 59.52
Fuel Charge $ 44.20 $ 38.60
TOTAL: $103.72 $ 98.12
As of April 2, 2012, Lakeland Electric’s residential rates will be the third lowest in the state for residential customers and the lowest in Florida for all commercial accounts in all of the commercial rate classes.
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.
Visit www.lakelandelectric.com for more information and to see a residential rate comparison.