The largest monthly hike in 50 years is about to show up on your electric bill. The state's biggest utilities are asking to pass on higher costs for natural gas.
For Progress Energy, 1,000 kilowatts would go up $11.78 a month to just under $110.
C.J. Drake with Progress Energy says, “So it’s a mix of projected costs and actual costs for the past year and several months.”
For FP&L, a 16 percent hike amounts to $14.34 a month more, for a total of $106.36.
Bill Swain says, "Anything involving natural gas and oil at this point, we’ve never seen such extraordinary costs."
The PSC must pass on the requests, but even the power companies’ biggest critics say it’s inevitable.
John McWerter with Industrial Power Users Group says, "But I think you need to look at anything you can to ameliorate that hit. Fuel prices this year are up almost 50 percent."
The AARP was out in force, suggesting more needs to be done by the companies to diversify. Nikita Ramzee is a single mother who says she’ll need help with the higher rates.
Nikita says, "I'm not getting help from their father, so now I have to take two jobs, work at day and work at night.”
Once approved, the higher charges will show up on your January bill. Along with your regular bill, both Florida Power and Progress Energy add a penny for every kilowatt over 1,000 to encourage conservation.