Lakeland Electric Decreases Fuel Charge Effective March 31st
The Lakeland City Commission voted to decrease the fuel charge for Lakeland Electric customers $2.00 per 1,000 kWh effective for meters read on or after March 31st. The new fuel charge is $50.50. As of March 31st, Lakeland Electric residential customers will pay $110.02 for 1,000 kWh of electricity.
After listening to a staff presentation at the March 21, 2011 Utility Committee Meeting, the Lakeland Electric Utility Committee recommended to decrease the current fuel charge. The City Commission reconvened and approved the recommendation.
RESIDENTIAL RATES BASED ON 1,000 kWh
Past New Rates – Effective March 31, 2011
Base Rate $59.52 $59.52
Fuel Charge $52.50 $50.50
TOTAL: $112.02 $110.02
With the decrease in the fuel charge, Lakeland Electric rates will be ranked 4th lowest out of the 37 utilities serving Florida residential customers and one of the lowest ranked in Florida for large commercial customers.
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.