Today is Thursday, September 18, 2014

Gas prices on increase, electric rates to follow

Share: 
  Email   Print
Related Articles

But a temporary hike in gas prices is only one concern for local consumers. The Tennessee Valley Authority, the supplier of electricity for the area, announced yesterday that the average monthly electric bill in October will likely reflect a $7 increase.

The cause for the increase is being blamed on what TVA says was the largest monthly fuel cost adjustment ever by electricity provider in August. The 6.4 percent rate increase to wholesale suppliers such as Middle Tennessee Electric, the supplier of electricity for most of Wilson County, is necessary according to TVA to cover the extra expense the agency experienced in August when it had to reduce generation at its biggest nuclear power plant because it was pumping too much hot water back into the Tennessee River.

TVA adjusts rates every month based on its needs for fuel to cope with electricity demands in the multi-state region it serves.

The rate adjustment for the past eight months has resulted in consecutive rate increases.  

Read more from:
General News
Tags: 
None
  Email   Print
Powered by Bondware
News Publishing Software