Lower Customer Electric Rates to Take Effect March 1
ORLANDO – The OUC Board voted today to reduce its fuel charge rate by 11 percent and lower electric rates for all OUC customers.
Lower natural gas costs have enabled OUC to reduce its fuel charge rate, which in conjunction with the base energy charge comprise the electric consumption charge on a customer’s monthly statement. Fuel is a pass-through cost to customers. The base energy portion, which includes non-fuel OUC expenses, will remain the same.
Residential and small commercial customers can expect to see about a 4 percent reduction in their overall electric bill. Mid to large commercial customers will see a decrease between 4.5 to 5.3 percent.
“At OUC, we’re committed to providing not only reliable but also affordable electric and water services for our customers,” OUC Board President Maylen Dominguez said. “We feel that these lower rates, particularly in combination with our efficiency programs, can provide a boost to commercial customers and small businesses by reducing their utility costs and allowing them to put that money toward growing their business, taking on new projects and creating jobs.”
The average residential customer using 1,000 kilowatt hours will see a savings of $4.82 a month, or nearly $58 a year. The new rates will take effect March 1, 2012, pending review by the Florida Public Service Commission.
OUC–The Reliable One
Established in 1923 by a special act of the Florida Legislature, OUC—The Reliable One is the second largest municipal utility in Florida. OUC provides electric and water services to nearly 225,000 customers in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties. Visit OUC.com to learn more about our commitment to reliability, affordability and sustainability.