Progress Energy customers may see rate reduction in 2013

Local electric customers should see lower electric rates in 2013.

Progress Energy Florida on Friday filed requests to lower average residential customer bills by 6 percent.

The company filed its annual requests with the Florida Public Service Commission to recover the costs the company has paid for fuel used to generate electricity and purchased power.

Fuel is one of the largest components of the electric rate.

If the Public Service Commission approves the request, the cost of 1000 kilowatts of power would drop by $7.44 - from the current $123.19 to about $115.75.

The lower rates would take effect with the first billing cycle in January.

The total reduction also includes a $129 million refund to customers in 2013 as part of a comprehensive rate settlement previously approved by the Public Service Commission. 

The Public Service commission hearings on the fuel, capacity, environmental and energy-efficiency charges will take place November the 5^th through the 7^th.

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