We communicate to our customers annually and as needed about changes to rates and charges. Please click on the links below for important information about your electric bill, including changes to fuel charges and electric base rates.
About base rates
In Florida, an electric utility's base rates cover all costs, excluding fuel and other cost recovery clauses, necessary to establish and operate its system, including for power plants and transmission and distribution infrastructure. Base rates are adjusted periodically to accurately reflect current operating costs.
For residential and small commercial customers, base rates are included with conservation, environmental and capacity cost recovery charges to make up the Energy Charge, which is displayed as a line item on your electric bill. Base rates make up the Energy Charge for large commercial and industrial customers and all other charges are listed separately on their bills.
About fuel charges
Our fuel mix in 2023 will be approximately 84 percent natural gas, 11 percent solar and 5 percent coal. The cost of fuel is currently about one-third of a residential customer's bill. Fuel costs are passed through from fuel suppliers to customers with no markup or profit to Tampa Electric. Tampa Electric maximizes the use of existing low-cost, well-performing power generation plants, zero-fuel-cost solar power, and power purchased from other companies to mitigate costs.
Storm Protection Plan charge
The line item on your bill called Storm Protection Charge supports the company's approved Storm Protection Plan, which strengthens our electrical infrastructure that delivers power to your home or business. These investments will help minimize power outages and reduce power restoration time.
The line item on your bill is a temporary storm surcharge to collect storm restoration costs that we already incurred.
Clean Energy Transition Mechanism charge
The Clean Energy Transition Mechanism Charge collects the remaining unrecovered costs for certain assets being retired over 15 years. This is a levelized charge that benefits all customers through increased rate certainty and supports the company’s efforts to reduce emissions by replacing aging coal-fired generation with clean-burning natural gas and zero fuel solar generation. It also supports the replacement of retired meters with an Advanced Metering Infrastructure, which will provide customer benefits such as automated disconnection and reconnection (without a service visit) and associated lower service charges, as well as providing customers with greater access to their usage data in the future.