If you are a customer of TECO then your bill will be higher starting in January. Find out how much your TECO bill could go up in 2023. TECO got approval from the Public Service Commission to raise the company’s rate. The average residential customer’s energy bill will increase by approximately 11 percent, or $14.09, for 1,000 kilowatt-hours of use. So, for that 1,000 kilowatt-hours your bill would go from $132.66 to $146.72. If you use more than 1,000 kilowatt-hours per month then you bill would be higher than that.
TECO did say their rates are lower than the national average. They say is in a statement, “Tampa Electric’s bills will remain well below the national average – which is $163.20 for 1,000 kwh – and among the lowest in Florida.” This won’t be the last rate hike of 2023 as TECO expects increase later in the year to reflect uncollected fuel costs for 2022.
[SOURCE: ABC Action News]
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