LAKELAND ELECTRIC TO IMPLEMENT FUEL INCREASE |
The Lakeland City Commission voted today to increase the fuel charge for Lakeland Electric customers. The current fuel charge for residential customers is $63.80 per 1,000 kWh and effective July 1, 2008 the charge will increase to $72.70 per 1,000 kWh.
RESIDENTIAL RATES BASED ON 1,000 kWh
_______________Current__________________Effective July 1, 2008_______
Base Rate......................$ 58.23................................................$ 58.23
Fuel Charge...................$ 63.80................................................$ 72.70
TOTAL:..........................$122.03................................................$130.93
The Lakeland Utility Committee recommended the increase after listening to a staff presentation regarding escalating cost for fuel. Oil prices have increased 35% since January, natural gas prices are up 66% since the beginning of the year and coal prices have increased 7% in the past three months.
Lakeland Electric is not the only utility implementing fuel increases. The following utilities have announced fuel increases that will take place over the summer:
Utility___________________________________________Increase
Florida Power & Light...............................................................$17.26
Jacksonville..............................................................................$15.00
Orlando....................................................................................$11.09
Progress Energy......................................................................$ 9.20
Lakeland Electric......................................................................$ 8.90
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