NORTH MISSISSIPPI — The Tennessee Valley Authority’s monthly fuel cost will drop between $2 and $4.50 in February billings for average residential customers due to mild weather.
The Knoxville-based utility said for billing periods beginning Feb. 1, the total monthly fuel cost would decrease from the current 2.251 cents per kilowatt-hour to 1.996 cents per kilowatt-hour. That represents a 3.5 percent decrease in the average wholesale price.
The amount of decrease depends on usage levels.
TVA said the fuel cost is the lowest in almost two years and is due mostly to milder temperatures in December that allowed higher than expected, low-cost hydroelectric generation.