KISSIMMEE, Fla., August 31, 11:00 a.m. – Kissimmee Utility Authority (KUA) announced today that it will cut electric rates by 3.6 percent beginning Sept. 1 because of lower fuel costs, saving the typical residential electric user in Kissimmee about $4 a month.
September marks the second consecutive month of rate reductions for KUA customers. Since July, the utility has lowered rates by 6.4 percent or $7.29 per 1,000 kilowatt-hours (kWh) of electricity. The cumulative total of the rate decreases is worth nearly $1 million in savings for utility customers.
The latest rate decrease will be reflected on utility bills mailed to customers beginning Friday, Sept. 1.
Each month KUA adjusts energy prices up or down to reflect the fluctuating costs of the fuels used to make electricity. KUA’s current rate is $107.32 per 1,000 kWh.
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.
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Chris M. Gent
(407) 933-7777 x 1116