Summertime Electric Rates Price Break...

Summertime Electric Rates Price Break...
City Commission makes it easier to keep cool
Posted Date:6/26/2016 11:00 PM

LEESBURG, FL – Effective July 1, 2016 City of Leesburg utility customers will get a significant summertime price break. The three-month cost reduction is made possible by a Bulk Cost of Power Adjustment (BCPA) that the City of Leesburg is excited to pass on to customers.

The City gets power through the Florida Municipal Power Agency. To maintain reserve funds for covering the fluctuating cost of fuel, a nominal BCPA fee is included in monthly utility bills. Since reserves are strong, the City is dropping the BCPA for July, August and September.

The latest electric bill reduction for both residential and commercial accounts equates to a decrease of $7 per 1000 kilowatt hours used.

Perhaps the greatest news is that the rate drop comes during summer, the season that historically sees the highest cooling costs. Customers can expect to see the reduced rate statements beginning in early August at which time they will begin receiving statements that cover the month of July.

Leesburg is a progressive city of more than 21,000 residents in northwest Lake County. The city government serves twice as many people with its electric, gas, water, wastewater and fiber-optic public utilities. Leesburg also is a central hub for commerce, attracting 50,000 people to work each weekday. For more information, visit www.leesburgflorida.gov.