LAKELAND ELECTRIC TO INCREASE FUEL CHARGE NEXT QUARTER AND TRUE-UP OF SHIFT TO SAVE FUEL RATE

EFFECTIVE January 1, 2021
LAKELAND, Fla. (December 8, 2020) - The Lakeland City Commission voted Monday, December 7 to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (Jan./Feb./March 2021). After giving a presentation at the Utility Committee meeting on Monday, December 7, staff recommended increasing the fuel charge by $5.00 from $30.00 per 1,000 kilowatt-hours (kWh) to $35.00 per 1,000 kWh. A true-up of the Shift to Save (Time-of-Day) fuel rate was also approved.

The fuel charge will change to 3.5¢ per kWh. Multiplying the fuel charge by 1,000 kWh, the amount an average residential home utilizes in a month, the cost equals $35.00 per 1,000 kWh for fuel.

The On-Peak fuel charge for Residential and Commercial Shift to Save customers will change to 124.2% of the fuel charge, while the Off-Peak fuel charge will become 89.1% of the fuel charge. This is a 6.6% decrease to the On-Peak fuel charge and a 3.0% increase to the Off-Peak fuel charge.

Lakeland Electric continues to have some of the lowest electric rates in the state. As with most electric utilities that generate their own power, the cost of fuel is passed directly to customers. This makes the fuel charge an important part of Lakeland Electric's ongoing effort to keep our customer's electric costs low.