LAKELAND ELECTRIC FUEL CHARGE DECREASE EFFECTIVE OCTOBER 1, 2013
LAKELAND, FL (September 16, 2013) - The Lakeland City Commission unanimously voted to decrease the fuel charge for Lakeland Electric customers 50 cents per 1,000 kWh effective for meters read on or after October 1, 2013. The new fuel charge will be $40.85 per 1,000 kWh. However, the environmental charge will increase slightly due to standards mandated by the Environmental Protection Agency. Lakeland Electric has environmental/emission projects slated to maintain compliance with ongoing governmental regulations.
After listening to a presentation at the Monday, September 16, 2013 Utility Committee meeting, staff recommended a decrease to the current fuel charge based on fuel forecasts for the upcoming year.
RESIDENTIAL RATES BASED ON 1,000 kWh
Current New Rates – Effective October 1, 2013
Base Charge $ 59.31 $ 59.64 (includes environmental charges)
Fuel Charge $ 41.35 $ 40.85 (includes fuel increase)
TOTAL: $100.66 $100.49
The base rate includes environmental compliance charges that 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.
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 charge to customers.
Based on Florida Municipal Electric Association data, Lakeland Electric’s residential rates after the October 1, 2013 fuel charge decrease will be the lowest in the state. Visit www.lakelandelectric.com for more information and to see a residential rate comparison.
Lakeland Electric is the third largest public power utility in the State of Florida. The utility is also one of the first utilities established in Florida having started operation in 1889. Today, power is generated at Lakeland Electric’s two main power plants, the 941-megawatt McIntosh Power Plant and the 176-megawatt Larsen Power Plant.