MTEMC Rates To Decrease Two Percent In January
Middle Tennessee Electric Membership Cooperative
Tuesday, December 29, 2009 10:42 am
MTEMC members will see their rates go down about two percent when they get their bills in January, as TVA has reduced its Fuel Cost Adjustment for the first of the year.
“While the average impact to member bills will be about two percent or $2 less, amounts consumers save will depend on the amount of energy they use because the fuel cost adjustment is a per kilowatt-hour charge,” MTEMC Communications Coordinator Todd Palmer said. “This is the seventh decrease since the first of last year.”
The FCA decreased from the previous –0.689 cents per kilowatt-hour to -0.832 cents per kilowatt-hour.
TVA cites the primary reason for the FCA decline as a result of higher than planned hydro generation (reducing the need for more expensive resources) and a slight reduction in the forecast for future costs.
In November, TVA changed the FCA from a quarterly to a monthly calculation.