Home » NEWS » Energy » TVA customers to pay less for power in October

TVA customers to pay less for power in October

NORTH MISSISSIPPI — Tennessee Valley Authority ratepayers in October will get a break from lower fuel costs, with average residential bills expected to drop by as much as $3.50.

Despite a 2 percent increase in the utility’s base rate starting next month, a TVA statement yesterday said a projected reduction in demand for power and coal-fired generation will actually reduce customer bills.

Compared with September, the combined effects of the higher base rate and the decrease in total monthly fuel costs will mean an average decrease of $1.50 to $3.50, depending on usage.

The statement said average wholesale rates in October will be lower than they have been since June.

TVA supplies power to about nine million people in Tennessee, Kentucky, Alabama, Mississippi, Georgia, North Carolina and Virginia.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*