LAKELAND ELECTRIC TO INCREASE FUEL CHARGE NEXT QUARTER FOLLOWING THE EMERGENCY FUEL RATE ADJUSTMENT

EFFECTIVE July 2, 2020

LAKELAND, Fla. (June 5, 2020) – The Lakeland City Commission voted Monday, June 1, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2020). After giving a presentation at the Utility Committee meeting on Monday, June 1, staff recommended increasing the fuel charge by $8.00 from $20.00 per 1,000 kilowatt-hour (kWh) to $28.00 per 1,000 kWh. This recommendation was expected following the emergency fuel rate adjustment made during May and June to provide temporary emergency relief to customers in the midst of the COVID-19 stay at home order. The new fuel charge will continue the utility’s effort to return to our target fuel reserve balance this fiscal year.

The fuel charge will change to 2.8¢ per kWh. Multiplying the fuel charge by 1,000 kWh, the amount an average residential home utilizes in a month, the cost equals $28.00 per 1,000 kWh for fuel.

Lakeland Electric continues to have some of the lowest electric rates in the state. As with most electric utilities that generate their own power, the cost of fuel is passed directly to customers. This makes the fuel charge an important part of Lakeland Electric’s ongoing effort to keep our customer’s electric costs low.

Residential Rates Based on 1,000 kWh Current Rates – Effective July 2020
Base Charge* (see below for a breakdown of charges) $64.77 $64.77
Fuel Charge              $20.00 $28.00
TOTAL: $84.77 $92.77
 *Base Charge
Customer Charge $  11.00/month
Energy & Smart Grid Charges $50.99/1000 kWh
Environmental Charge $  2.78/1000 kWh