Tallahassee Electric Rates Trending Downward

By: Tallahassee Reports; Eyewitness News Email
By: Tallahassee Reports; Eyewitness News Email

[UPDATE] by Lanetra Bennett April 18, 2011 -

Reese Goad with City of Tallahassee utilities, said, "On April 1st, we had a decrease in our electric and natural gas rates. In particular to our electric customers, rates decreased by three and a half percent, which represented a 22 percent reduction since March 2009."

Goad added, "We use natural gas to fuel our electric generators, kind of like gasoline in your car. The price for natural gas has been falling. In fact, we have long-term contracts. We're all proud to have savings and be able to pass those along to our customers."

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Tallahassee, Florida - April 18, 2011 -

A Tallahassee Reports comparison of electric rates over the last three years shows COT electric rates have decreased more than any other of the seven utilities included in the comparison group.

Using data from the Florida Municipal Electric Association for December, 2008, December 2009, and December 2010, Tallahassee Reports compared monthly residential rates for 1000 KWH of electric usage. The comparison includes all municipalities that generate their own electricity. It does not include cities like Bushnell or Bartow that must buy a majority of their electricity from power producers and it does not include investor owned utilities like Progress Energy or Gulf Power.

A table at TallahasseeReports shows that of the eight municipal utilities, Tallahassee and Gainesville are tied for the highest rates at approximately $127 per 1000 KWH. However, a closer look shows that the COT has made the biggest move towards lower rates since 2008 than any of the other municipal utilities.

Read more at TallahasseeReports.

WCTV will have more on the report later today.


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