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Lakeland Electric Fuel Charge increase to go into effect October 1 | News

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Lakeland Electric Fuel Charge increase to go into effect October 1
Lakeland Electric Fuel Charge increase to go into effect October 1

Lakeland, Florida-- The Lakeland City Commission voted to increase the fuel charge for Lakeland Electric customers 50 cents per 1,000 kWh effective for meters read on or after October 1, 2012. The new fuel charge will be $42.80 per 1,000 kWh.

After listening to a presentation at the Utility Committee meeting on September 17, staff recommended an increase to the current fuel charge based on the slight increases for natural gas in both, the New York Mercantile Exchange, and the Henry Hub Spot Market. Forecasters report that some wells have come off-line, causing the natural gas market to increase slightly.

The Utility Committee also voted unanimously during the meeting to reduce the environmental compliance charge from $2.456 per 1,000 kWh to $2.348 per 1,000 kWh. The environmental charge is calculated in the base charge below.

RESIDENTIAL RATES BASED ON 1,000 kWh:

Current:

Base Charge: 59.42

Fuel Charge: $42.30

Total: $101.72

New Rates – Effective October 1, 2012:

Base Charge: 59.31 (includes environmental decrease)

Fuel Charge: 42.80 (includes fuel increase)

Total: $102.11

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.

Information courtesy of Lakeland Electric

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