Beginning in January, Gulf Power customers will see a 2.7 percent decrease in their electricity bills if approved by the Florida Public Service Commission.
The residential bill for 1,000-kilowatt hours of electricity will drop $3.71 to $135.58. This decrease is due mostly to continued lower prices in natural gas and coal used to generate electricity.
“We’ve worked very hard to manage our fuel mix to provide affordable, reliable electric service for our customers,” said Jeff Rogers, Gulf Power manager of external communication. “In the end it means lower electricity bills and that’s great news for Gulf Power customers.”
Each January the Florida Public Service Commission adjusts Gulf Power’s prices to reflect cost changes in fuel, environmental compliance and energy conservation programs.
Customers can find additional savings by making their homes more energy efficient. There are many low-cost and no-cost programs to help customers save money and energy available at http://www.gulfpower.com or customers can download the Gulf Power app. Search Gulf Power in iTunes or the Google Play store.
This article originally appeared on Crestview News Bulletin: Here's why Gulf Power customers could see a decrease in bills