Tampa Electrical Companies Cutting Rates in 2016

According to an article last September in the Tampa Bay Business Journal, all three major power companies plan to reduce their rates this year.

Duke Energy, which serves St. Petersburg and Clearwater, would cut rates by about $4.18 a month for a 1,000 kilowatt-hour residential bill.

TECO Energy’s Tampa Electric customers in Hillsborough and parts of Polk, Pasco and Pinellas counties, would pay $2.25 less a month.

Florida Power & Light Co. plans to reduce electric rates in 2016. The typical 1,000-kilowatt hour residential customer would save about $2.50 a month under the plan, a press release said. Anticipated savings for businesses would be 2 percent to 6 percent, depending on rate class and type of service.

FP & L said customers are benefiting from the company’s strategic decision to phase out older power plants and invest in advanced clean-energy centers that use less fuel to generate electricity.