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Oh great… I guess we will be paying even more during the Summer months.

Tampa Electric claims the rate increases are due to costs of natural gas and an increase in demand. The rate will increase about 8% to $105.83 per 1000 kilowatt hours for residential use. If you think this is a big increase, it’s still lower than TECO charged in 2018 and 19% lower than the national average. The residential rates had been reduced during the pandemic by 11%.

Rates would also increase for commercial use, but that amount could be anywhere between an increase of 7-12%.

Papers were filed, now we wait to find out how much customers will need to pay for electricity in 2021.

The Florida Public Service Commission will vote on the adjustment in early November. The increased cost will also cover a plan that would install more underground lines to help protect the power system during severe weather.

[Source: WFLA]

Some of Our Favorite Places Around Tampa Bay

Here are some of our favorite places to visit within the city limits. Might also be good places to take your out of town guests, too!
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