TVA power bills on the rise
NORTH MISSISSIPPI — The electric bill is going up again in April.
The Tennessee Valley Authority is increasing its fuel adjustment charge. The utility said the hike will raise residential power bills between $3 and $6.50 per month, depending on how much electricity is used.
Higher fuel prices this year are eating into a fuel adjustment credit that TVA has applied to the rate because of lower fuel prices last year. It’s from about a half cent to a fifth of a cent per kilowatt hour.
TVA says that amounts to a 5.9 percent increase in what residential customers will pay TVA for the cost of the utility buying fuel. That follows a 5.3 percent increase for March.
TVA uses fossil fuels — coal, oil and natural gas — to generate about half of its electricity. When those costs rise, TVA’s costs increase.
The other half of TVA electricity comes from its nuclear plants and dams.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “TVA power bills on the rise”
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- Silver Airways ordered to continue service
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- After review, MSU moves forward on new research facility
- Bryant signs controversial abortion ban bill
- SpaceX, Stennis officially open new rocket test stand
- Plans unveiled for large shooting range on Coast