PSC Grants Electric Rate Hike

If you are a Gulf Power Company customer your power bill is going up in January.

The Florida Public Service Commission on Wednesday, following three days of hearings, approved increases in the fuel adjustment charges for Gulf Power and three other electric utilities in the state.

At the first of the New Year, Gulf Power will be increasing its monthly charges by $5.05 for each 1,000 kilowatt hours of electricity used; 1,000 kilowatt hours are the average amount used by many area homeowners.

The price hike for the fuel adjustment charges is being blamed on rising coal and natural gas prices. Those fossil fuels are used primarily in generating a major portion of the state’s electricity.

Twice each year the Florida Public Service Commission adjusts electricity rates up or down to account for changes in fuel costs, environmental costs and other factors.