It’s official. Tampa Electric’s 2019 bills are going back in time—all the way to 2005. What does that mean? Vintage rates – the lowest in 13 years. The average residential bill is dropping by more than $8, or about 8 percent, to $99.53 for 1,000 kilowatt-hours (kWh) of usage. Commercial and industrial customers will also see bills drop by about 8 percent to 10 percent, depending on usage.
The decrease, approved by the Florida Public Service Commission on Nov. 5, is a result of several factors. Fuel costs and environmental compliance costs are going down. And while 2019 bills are rising to reflect a base rate adjustment for utility-scale solar projects coming online in the next several months, the fuel and environmental costs combined with the previously approved tax reform benefit make for an overall lower bill.
Want to save even more? Check out our energy – and money – savings programs for your home or business.
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