Keeping Costs Low
As your trusted energy partner, we strive to be transparent on anticipated changes in pricing. Over the past year, natural gas prices have been rising globally, doubling since January 2021 and these challenges are expected to persist into 2022. Because Tampa Electric and other utilities across Florida and the U.S. use natural gas as a fuel to help generate electricity, prices are being impacted nationwide – especially going into the winter months.
Understanding the Impact of Fuel on Your Bill
The cost of fuel will be about one-third of a residential customer's bill. Utilities adjust fuel and capacity costs annually, typically in January. However, when costs are expected to change more than 10 percent, utilities can request an additional adjustment. Tampa Electric maximizes the use of existing low-cost, well-performing plants and power purchased from other companies to mitigate costs. Long-term, Tampa Electric is reducing the impact of fuel costs on your energy bill by increasing our renewable energy sources. Currently, we power more than 100,000 homes, schools and businesses with solar power, with plans to double that by 2023. You can learn more about our vision for a cleaner energy future at teconetzero.com.
Ways to Better Manage and Reduce Your Bill
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. You can also choose to sign up for Budget Billing, which helps even out your monthly bill by looking at your average 12-month energy usage.
2022 Base Rate Increase
Learn more about the new base rates taking effect January 2022.