Gulf Power customers to see a drop in fuel charges

Gulf Power customers could see a little drop in their electric bills soon.

The Florida Public Service Commission this week voted to reduce the fuel and purchased power charge on Gulf Power Company customer bills. 

Gulf residential customers using 1,000 kilowatt hours will see their total monthly bill, including gross receipts taxes, decrease by $3.33 to $122.46, effective March 1.

Typically, the Public service Commission reviews fuel charges in November to reflect changing fuel costs. 

Gulf requested this mid-course adjustment due to a reduction in projected 2012 natural gas prices and an unexpected over-recovery for actual fuel expenses in 2011. 

Florida’s investor-owned utilities are not allowed to earn a profit on the cost of fuel to generate electricity.

Gulf will notify its customers of the revised fuel factors through an insert in their March bill.

Gulf Power serves over 428 thousand customers in 71 communities from the Alabama border to the Apalachicola River.

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