After a summer of high bills, JEA customers may finally experience some relief – for a month, at least.
For 1,000 kilowatt hours, the fuel rate for November is projected to be $41.48, almost half of the October rate of $79.03 and $83.46 of September. The base rate will stay the same. The cost is still higher than that of last November, which was $30.51 per 1,000 kilowatt hours.
Because JEA primarily relies on natural gas, customers have faced higher costs over the last few months due to skyrocketing market fuel costs. The “caveat” to the projected rates is that they could still change depending on outside factors, Stowe told reporters after the meeting. The lowered cost for November came as somewhat of a surprise, and Stowe said he expected rates to see a “slight increase” over the next few months until going down again in the spring.
A JEA spokesperson warned that as the temperature drops, heating costs could lead to higher usages and therefore steeper bills. The fuel rates for December and January are still unknown.
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