KISSIMMEE, Fla., September 27, 1:00 p.m. – Kissimmee Utility Authority (KUA) announced today that it will cut electric rates by 4.6 percent beginning Oct. 1 because of lower fuel costs, saving the typical residential electric user in Kissimmee nearly $5 a month.
October marks the third consecutive month of rate reductions for KUA customers. Since July, the utility has lowered rates by 10.7 percent or $12.21 per 1,000 kilowatt-hours (kWh) of electricity. The newest rate cut will leave the charge for the utility’s fuel costs at its lowest level of the year.
The cumulative total of the rate decreases is worth nearly $1.6 million in savings for utility customers.
The latest decrease will be reflected on utility bills mailed to customers beginning Monday, Oct. 2.
KUA adjusts its energy prices up or down to reflect the fluctuating costs of the fuels used to make electricity. KUA’s current rate is $102.40 per 1,000 kWh.
Here’s a statewide comparison of residential electric rates:
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 170,000 residents in five Central Florida counties.
*Based on residential consumption of 1,000 kWh. KUA’s current rate (October 2006) as compared to the most current residential electric rates from other utilities (August 2006). Rates for municipal utilities include payment-in-lieu of tax to the city’s general fund. Rates for investor-owned utilities do not include franchise fee payments, which average six percent across Florida. Source: Florida Municipal Electric Association.
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Chris M. Gent
(407) 933-7777 x 1116