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.
January 2021: Information about your 2021 rates Residential and Small Commercial Commercial and Industrial Lighting
June 2020: Information about your 2020 rates Residential and Small Commercial Commercial and Industrial Lighting
January 2020: Information about your 2020 rates Residential and Small Commercial Commercial and Industrial Lighting
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.
Our fuel mix in 2021 will be approximately 86 percent natural gas, 7 percent solar, 5 percent coal and the remainder in purchased power. The cost of fuel is currently about one-fourth 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 and power purchased from other companies to mitigate costs.
Starting in January 2021, you'll see a new line item on your bill called the Storm Protection Charge. It will support 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. In addition, this change includes a base rate reduction for some storm-hardening activities which will now be recovered through the storm protection charge.
Learn more about the components of your electric bill.
Tampa Electric is an Emera company. Copyright © 2021 Emera Inc. All rights reserved.
