MTEMC members will see slightly higher rates when they get their bills in December, as the Tennessee Valley Authority has increased its Fuel Cost Adjustment (FCA). “The actual percentage change in members’ bills will differ depending on the amount of energy members use; however, it looks to be about a three percent increase on average,” MTEMC Communications Coordinator Todd Palmer said. “Also, bills are typically higher this time of year because of the colder weather, which increases energy usage in most people’s homes.
“Check out our Web site, www.mtemc.com, to see a list of ways to lower your electric bill in colder weather.”
The FCA will move from November’s rate of 0.446 cents per kilowatt-hour to 0.654 cents per kilowatt-hour.
The Fuel Cost Adjustment is affected monthly by the fluctuating global costs and demand of coal, natural gas, nuclear fuel and other fuels used by the Tennessee Valley Authority to produce electricity.
