FEBRUARY POWER RATES FALL ON FUEL

FEBRUARY POWER RATES FALL ON FUEL

ATHENS, Tenn. – Local power rates in February will be a bit lower than the current month based on lower TVA fuel charges.

The residential power rate for Athens Utilities Board (AUB) customers in February will be $0.08846 per kilowatt hour (kwhr) compared to January’s rate of $0.09051.

The lower rate for February would save a customer using the residential average of 1,160 kwhrs about $2.38 versus the same use at January rates.

Residential rates have two components.  One part is the base rate, which remains constant during each season, and there is a fuel-charge adder from TVA that changes monthly.

For the winter months December through February the base rate is $0.07123 per kwhr.  February’s fuel charge is $.01723.  Added together, the two yield the month’s full rate of $0.08846.

AUB is one of 154 local power distributors that directly serve the 10 million people of the Tennessee Valley seven-state region.  AUB also serves Athens and parts of McMinn County with water, wastewater, and natural gas services.

-xxx-