During the unprecedented coronavirus pandemic, Tampa Electric significantly decreased bills with residential customers seeing a 20 percent reduction throughout the summer months, along with a reduced fuel rate through December 2020 – an estimated savings of $90 on residential bills. Commercial and industrial customers experienced a total bill reduction of up to 14 to 20 percent through December, depending on usage and rate class.
As your trusted energy partner, we strive to be transparent on any anticipated changes in pricing. As we approach the winter months and anticipate economic recovery into 2021, fuel rates are expected to rise with the increase in demand. Fuel costs are passed through from fuel suppliers to customers, and can lead to increases or decreases in your bill. It's important to note that there is no markup or profit to Tampa Electric if there is an increase, which could be the case in 2021.
On Sept. 3, we filed projected costs for fuel and other clauses with the Florida Public Service Commission (PSC), to take effect in January. The PSC is expected to vote on the adjustment after a hearing scheduled to begin Nov. 3. Click here to learn more about the proposed changes for 2021 . Even with those changes, Tampa Electric's bills continue to be among the lowest in Florida and are 20 percent below the national average.
We can help you manage your energy use and save money. Did you know Tampa Electric offers more energy-efficiency programs than any other electric company in the state? Check them out and get started saving energy at your home or business.
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