JANUARY POWER RATES FLAT TO SLIGHTLY UP VS DECEMBER

JANUARY POWER RATES

FLAT TO SLIGHTLY UP VS DECEMBER

ATHENS, Tenn. – The New Year comes in with nearly flat but slightly higher power rates than closed out 2019, due to higher TVA fuel charges.

The residential power rate for Athens Utilities Board (AUB) customers in January will be $0.09051 per kilowatt hour (kwhr) compared to December’s rate of $0.08962.

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

With both December and January being winter-season base rate months, the January rise in rates rests in a higher fuel charge from TVA, said AUB’s Wayne Scarbrough.

“The winter rate season runs December through March, and winter base rates are the year’s highest, so we hope that TVA’s fuel charges stay in check throughout winter months to protect our customers on the retail side,” he said.

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.

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