ARTICLE
EFFECTIVE January 1, 2025
LAKELAND, Fla. (December 16, 2024) – The Lakeland City Commission voted today to lower the electric fuel charge for Lakeland Electric customers for the next fiscal quarter beginning on January 1, 2025. After giving a presentation on Friday, December 13, at the Utility Committee meeting, staff recommended lowering the fuel charge by $2.00 from $43.50 to $41.50. The lower rate was made possible by lower natural gas prices, high natural gas storage inventory, and a temperate winter weather forecast. The fuel charge will change to 4.15¢ per kilowatt-hour (kWh). Multiplying the fuel charge by 1,000 kWh, the amount an average residential home utilizes in a month, the cost equals $41.50 per 1,000 kWh for fuel.
The reduction of the fuel charge will help our customers keep their electric costs low. Lakeland Electric continues to have some of the lowest electric rates in the state. As with most electric utilities that generate their own power, the cost of fuel is passed directly to customers. This makes the fuel charge an important part of Lakeland Electric’s ongoing effort to keep our customer’s electric costs low.
Residential Rates Based on 1,000 kWh
Current
Rates – Effective January 2025
Base Charge* (see below for a breakdown of charges)
$69.24
Fuel Charge
$43.50
$41.50
TOTAL:
$112.74
$110.74
*Base Charge
Customer Charge
$14.00/month
Energy & Smart Grid Charges
$50.99/1000 kWh
Environmental Charge
$ 1.17/1000 kWh
Slide of utility rate comparison from Utility Committee presentation on December 13, 2024.