Home » NEWS » Energy » TVA's monthly fuel cost will drop in February

TVA's monthly fuel cost will drop in February

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.

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Your email address will not be published.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 *

*