JACKSONVILLE, Fla. -- The JEA Finance and Audit Committee agreed Monday to recommend a decrease in the fuel charge while also voting to eliminate an approved water/sewer rate increase scheduled for October.
The committee voted to lower the current variable fuel rate charge of $47.74 to $43.60 per megawatt hour. The reduction in rate would go into effect July 1, 2012.
The reduction would result in the average residential JEA customer seeing a savings of $5.18 per month. The calculation is based on an average monthly use of 1,250 kWh.
Rates are able to be reduced because the cost for fuel JEA uses has also declined, according to a news release from JEA spokesperson Gerri Boyce. Natural gas prices are down significantly, Boyce said.
Boyce said in 2012 that JEA expects 63% of electric generation to come from low-cost natural gas. Increasing to this number would be four times the amount generated by natural gas in 2007.
The committee also voted to eliminate a previously approved water/sewer availability and environmental rate increase. The increase was scheduled to go into effect October 1, 2012.
First Coast News