- Gainesville Regional Utilities will reduce its electric fuel adjustment from 50 to 45 mills and purchased gas adjustment from 35 to 32 cents per therm on Sept. 29.
- The electric fuel adjustment cut saves residential customers $5 monthly and the gas adjustment cut saves 75 cents, maintaining low rates in Florida.
Gainesville Regional Utilities (GRU) announced it will lower its electric fuel and purchased gas adjustments effective Tuesday, Sept. 29.
According to a GRU release sent Monday, GRU will reduce its electric fuel adjustment from 50 to 45 mills and its purchased gas adjustment from 35 to 32 cents per therm.
The electric fuel adjustment reduction will lower the bill for a residential customer using 1,000 kilowatt-hours from $151.60 to $146.60, a savings of $5.
The purchased gas adjustment reduction will lower the bill for a residential customer using 25 therms of natural gas from $35.74 to $34.99, a savings of 75 cents. GRU said in the release that its residential natural gas charges are already among the lowest in Florida.
In an April meeting, the Gainesville Regional Utilities Authority explained how it adjusts the utility rates.
According to the release, GRU does not make a profit from the electric fuel adjustment or purchased gas adjustment. Instead, the utility passes fuel costs through to customers without adding a profit. GRU regularly evaluates the charges and adjusts them based on market conditions.
“We’re projecting lower fuel costs in the coming months, so we’re passing those savings on to customers,” said GRU CEO Ed Bielarski in the release. “At the same time, our new fiscal year begins Oct. 1, and we kept electric base rates steady for the third consecutive year. We understand the financial constraints many customers are under and are doing our best to maintain affordable bills.”