Electric fuel cost decreases in May

Fayetteville Public Utilities (FPU) announced this week that electric customers will see a decrease in the Tennessee Valley Authority’s total monthly fuel charge of $0.96 for the average bill of 1,330 kilowatts effective May 1. 

The decrease of $0.96 reduces a customer’s average electric bill for 1,330 kilowatts from $143.74 in April to $142.78 in May. In comparing the average bill in May 2017 which was $142.52, this year’s average bill for 1,330 kilowatts is $0.26 less. 

“In looking back at the past three years, the overall TVA average fuel rate for the month of May is approximately 5 percent lower for 2018,” says FPU CEO and General Manager Britt Dye. “TVA states that the lower fuel cost for May is mostly the result of favorable purchase power prices and lower coal costs.”

The month of May continues as a TVA transition month for electric rates. June will begin TVA’s summer month rates that are historically higher due to increased energy demand and power generation which result in higher fuel costs passed along to customers as temperatures rise. Summer rates will be in effect from June until September. 

To assist electric customers in controlling their monthly energy costs, FPU offers a budget billing plan to average monthly electric and natural gas bills. FPU also offers the free TVA Do-It-Yourself Energy Audit. The audit is available online at fpu-tn.com. You may also visit FPU and pick up a paper version of the energy audit. 

Please check FPU’s web site at www.fpu-tn.comfor a detailed listing of electric rates effective in May.