ORLANDO –Earlier this month, OUC—The Reliable One identified cost-savings necessary to lower electric rates for its customers. On Tuesday, June 14, the OUC Board decided to lower the fuel rate by 9 percent. The decrease represents about $23 million in annual customer savings. Orlando customers will now pay 11.5 percent less for power in July than they did four years ago.
“This is our third electric rate decrease since 2012,” General Manager & CEO Ken Ksionek said, noting that OUC has not increased electric rates since 2009. “OUC is committed to providing our customers with affordable rates in addition to record reliability and outstanding water quality.”
For an average OUC residential customer using 1,000 kWh, the electric bill will be $106.00 per month in Orlando. This represents a savings of $3.43 from the current rate of $109.43 per month, or more than $41.00 a year.
The new rates have been reviewed by the Florida Public Service Commission and take effect July 1, 2016.
About 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 and 14th largest municipal in the country. OUC provides electric, water, chilled water and/or lighting services to 240,000 customers in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties. According to data provided by the Florida Public Service Commission, OUC has been more reliable than the state’s investor-owned utilities for 18 years running. OUC customers experience 46 percent fewer outages and restoration times are 31 percent faster. OUC is focused not just on reliability and affordability, but weaves sustainability into everything it does.