The city's last rate study was in 2018. Next, the consultant will evaluate the costs for providing electricity to residential, commercial and industrial customers. You went from $40 in 2021 and want to jump to $75 per 1000kw. . The Warrants that are the subject of the amendment application were originally set to expire 24 months after the date of issue. With rising inflation, the electric-rate increase . Mike Beckham becomes Lakeland Electric's general manager, City manager's withdrawn resignation highlights tumult in Fort Meade, Shipping and supply issues delay Lakeland police body-camera rollout. Only your name and city of residence will be printed. It represents a 26% budget increase from last year, when the city officials slashed. The rate will increase from $.04 per kWh to $.06 per kWh. Lakeland Electric will raise its fuel rate from $60 to $75 per 1,000 kilowatt hours starting Sept. 1. Latest ruckus in Dixieland:Is it trash, traffic or crime? Hot Texas summer days: Here are 5 ways to save on your electric bill. An investigation by the department's internal watchdog targeting one of the nations 93 U.S. attorneys political appointees who are some of the highest-ranking federal law enforcement officials is highly unusual. The Florida Public Service Commission recently approved the settlement, allowing these increases in base rates over the next . LAKELAND, Fla. (June 7, 2022) - The Lakeland City Commission voted Monday, June 6, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2022). The Ledger encourages its readers to share their opinions through letters to the editor. Customers concerned about their monthly billare encouraged to set theirthermostats to 78 degrees, as air conditioners are one of the most significant contributors to electrical use. Rates Effective October 1, 2022, through September 30, 2023. Hired:Mike Beckham becomes Lakeland Electric's general manager, Small city, big drama:City manager's withdrawn resignation highlights tumult in Fort Meade, "If we don't do a rate increase, this isn't viable," she said. Stable (Fixed) Rate 8.49 cents/kWh . The rate study included a comparison to surrounding sewer districts that revealed even though the other systems were built prior to the Lakeland district system, nearly all of them had higher rates. of the City of Lakeland, FL All Rights Reserved. City News Blog: City Commission Sets Maximum Advertised Millage Rate - Next Budget Hearing Is September 8th With Final Budget Vote On September 22nd. Lakeland Electric's financial strategies of natural gas hedging, baseload contracts, and fuel reserve fund have shielded customers from fuel rate increases so far this year. Associate member companies receive a large number of benefits for the low fee of only $1,200 a year (offering a 50% discount for qualifying small businesses). Utility staffers will [] In a recent round of testing, lead was also found in water fixtures at the universitys Campus Health facility. LOS ANGELES, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Independent retail media platform Zitcha has raised $2.9 million in seed funding led by Australian venture capital firm OIF Ventures, launching a new phase of expansion that will see the platform scale up and officially launch in the U.S. Software platform Zitcha connects the media assets of retail brands including email, apps, digital in-store screens, web and social media. LAKELAND ELECTRIC TO INCREASE FUEL CHARGE NEXT QUARTER, (June 7, 2022) - The Lakeland City Commission voted Monday, June 6, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2022). This is equal to $60 per 1,000 kWh, the highest fuel. In doing so, the team passed over far more qualified Black candidates. Jacobi presented utility committee members and city commissioners with three potential options to balance out Lakeland Electric's finances: These rate changes would increase the average homeowner's bill ranging from $1.65 to $5.51 per month depending on the option chosen. They are juggling having food on the table and gas to get to work. Follow on Twitter @SaraWalshFl. Keeping the lights on and having air conditioning on is a life and death decision for most of us in Florida. If you are an employee of an FMEA member company, we invite you to set up an online account to: Join FMEAs 150+ associate member companies to find easy ways you never imagined to reach Floridas utility industry, the fourth-largest power market in the United States. Are you 'hip' to the cool lingo? The new rate, which was passed unanimously, takes effect Sept. 1. After giving a presentation at the Utility Committee meeting on Friday, June 3, staff recommended increasing the fuel charge by $20.00 per 1,000 kWh due to escalating natural gas market prices. The third-and-9 play, when the Chiefs needed a touchdown with just over four minutes to go, and Mahomes took off to his right and bulldozed his way into the end zone. 1 min read The Lakeland City Commission voted to increase the electric fuel charge for Lakeland Electric customers beginning next month. This is Lakeland Electric's first fuel charge increase in 15 months. TECO customers will see an average increase of $16.50 on their bills. The Justice Department's inspector general has opened an investigation of the top federal prosecutor in Massachusetts, prompted by U.S. Attorney Rachel Rollins' appearance at a political fundraiser featuring first lady Jill Biden, The Associated Press has learned. Setting thermostats to 78. Take The Baseball Slang Quiz! to understand that the RRO is not a 'regulated' rate rather it is reflective of the current price to purchase electricity and it may increase or decrease at will. "You go like, he's going to have a really nice day if he thinks he met Frodo. Lakeland Electrics staff has promised to provide a monthly update on the fuel market to city commissioners under these conditions. Disappointed in electric increases. Listen up, commissioners, you do not have to raise the reserves as fast as the management team at Lakeland Electric wants. Check out these five energy-saving tips by Reliant Energy. Lakeland hired outside consultant 1898 & Co. to conduct a study of the utility's base rate to see if what is being charged per kilowatt hour covers the expenses. Still, the significant price increase in the open market and supply chain issues have grown beyond our ability to absorb. Lakeland Electric is holding three public meetings this week on a proposed rate increase that would add about $2.50 a month to the average home customer's utility bill. Rising fuel costs are a national issue impacting everyone, including utilities. LAKELAND, Fla. (June 7, 2022) - The Lakeland City Commission voted Monday, June 6, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2022). The newer 2.8-cent rate takes effect July 2. The fuel charge will change to 6 per kWh. "The commission would also be able to tweak those numbers," she said. The cost of fuel is passed directly to customers with no markup. Industrial Electricity in Lakeland; The average industrial electricity rate in Lakeland is 7.03/kWh. Submit your letter by clicking, Voice of the People: Lakeland Electric rate increase is too much, Oz Could Be the First Muslim U.S. LAKELAND, FL th and 22 nd. According to the latest data available from the EIA, the average residential U.S. electricity price in July 2022 was 15.46 cents per kilowatt-hour (kWh). This is Lakeland Electric's first fuel charge increase in 15 months. It's shutters. Even with the change, Lakeland Electric will continue to have some of the lowest electric rates in the state. Lakeland Electric to increase fuel charge next quarter June 7, 2022 Posted By: Dave Heller in Association News EFFECTIVE July 1, 2022 LAKELAND, Fla. (June 7, 2022) - The Lakeland City Commission voted Monday, June 6, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2022). The measure was unanimously approved by city commissioners on Monday morning. She was a graduate of the nursing program at NWTC and worked as a nurse until her retirement. Two-Year Projections for Electricity Prices Residential electric rates increased sharply by 4.3% in 2021, and are continuing to increase in 2022. This will help determine how the rate increase is split among the different types of customers, in addition to city residents versus those outside city limits. Multiplying the fuel charge by 1,000 kWh, the amount an average residential home utilizes in a month, the cost equals $60.00 per 1,000 kWh for fuel. The rate rose from $40 as ofJuly 1. But rules of use are in, Is it trash, traffic or crime? Jaylan Ford takes home Big 12 weekly honors for the second time this season. This is Lakeland Electric's first fuel charge increase in 15 months. That's 7% lower than the national average electric bill of $2,573 . After giving a presentation at the Utility Committee meeting on Monday, December 7, staff recommended increasing the fuel charge by $5.00 from $30.00 per Please contact the office at 780-632-6112 for more details on this rate. "The new fuel charge will continue the utility's effort to return to our target fuel reserve balance this fiscal year," Lakeland Electric said in a news release. "I expect other [municipalities]will follow soon and we won't be the only ones looking to raise our rates due to inflationary pressures.". Just do it. The city says the rate increase is due to the rising cost of natural gas. This is not looking at the full picture. Include your name, street address, a phone number and an email address. "The revenue requirement is what we need to break even on our operations," she said. With rising inflation, the electric-rate increase couldn't have come at a worse time. LE customers won't see an immediate impact in their bills. At Friday's utility committee meeting, Gina Jacobi, LE's assistant general manager of fiscal operations, laid out how the municipal-owned utility will need to spend about $214.2 million to service its electrical customers this year. But rules of use are in. On June 8, there was a blast that knocked out thethe Freeport LNG, which transports liquified natural gas. Cami is proof that long-term shelter dogs are often hidden gems. The Average Electricity Rate in the U.S. is 10.42 cents per kilowatt-hour. Even with the change, Lakeland Electric will continue to have some of the lowest electric rates in the state. For more questions about residential rates contact customer service at 863-834-9535. . The EIA estimates 4.3% growth in 2022, but a more modest 1.6% in 2023. The fuel reserve funds are a key component of the utility's days of cash on hand. Jacobiestimatesrevenue from customer rates will bring in $176.1 million and around $31 million from other sources like investments and cell tower fees. The most significant factors for residential customers' electric bills are air conditioners and hot water heaters. Letters are limited to 200 words or less and are subject to editing. The Indianapolis Colts hired former player Jeff Saturday as interim head coach. Setting thermostats to 78 during the summer and using a hot water heater timer can save customers over 17% on their bill each month. Lakeland Electric had total sales and disposition of 3, 346, 458 megawatt hours in 2020, of which 94.53% were via retail sales. The cost of fuel is passed directly to customers. 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TO EXTEND WARRANTS, The 2022-23 Kentucky basketball season begins with three key Wildcats on the sidelines, How Well Do You Know Baseball Slang? LAKELAND, Fla. (June 7, 2022) - The Lakeland City Commission voted Monday, June 6, to increase the electric fuel charge for Lakeland Electric customers for the next fiscal quarter (July/August/September 2022). Take The Quiz, Texas LB Jaylan Ford named Big 12 Defensive Player of the Week, With Trump, Kanye West and Kyrie Irving remarks, Jewish communities fear rising hate, Duke University Partners with America's Warrior Partnership to Expand Operation Deep Dive, Lucid Earnings On Deck As Luxury EV Startup Ramps Up Deliveries, Big Sky Resort busy preparing for ski season amid snowfall, Take-Two Tumbles After Forecast forBookings Misses Estimates, Chiefs marvel at Mahomes yet realize he can't do it alone, 2023 MLB Draft Lottery: Red Sox' odds for No. An entertaining aspect about baseball is the unique slang. 1 overall pick, Here are the NYC Marathon Times for Ashton Kutcher, Ellie Kemper and Other Celebs, AP sources: Justice Dept. How about you? Lakeland Water Utilities services are highly competitive, both in terms of quality and cost, providing continuing value to our customers. LCID stock is trying to regain a key level. Electricity production and wholesale . It is intended that the start date be April 1 of the current year and the expiry of this offer would then be September 30 of the current year. Lakeland Electric willraise its fuel rate from $60 to $75 per 1,000 kilowatt hours starting Sept. 1. Nope. The most significant factors for residential customers' electric bills are air conditioners and hot water heaters. Scam alert: Lakeland Electric urges customers to beware of scam, Demolished: Work begins on demolition of cooling stacks at Lakeland Electric's McIntosh facility. Tory Bombard, the utilitys fuels manager, said Lakeland Electrics fuel reserves would be fully depleted in September if the company did not raise its fuel rates due to the high cost of natural gas. The electric rate increase is also in line with 2021's inflation rate of 4.7%. Major League Baseball announced its plans for the inaugural MLB Draft Lottery on December 6. It is possible if you try and genuinely care for the citizens you serve. If you have any questions regarding your electric or water service, please call Customer Service. Oversight for Lakeland must challenge the power team and not increase this much at this time. Jan Gazell, age 70, died peacefully at home in Lakeland, FL on October 19, 2022. The teams 16-13 triumph, coupled with a win over the Falcons last month, gives Tampa Bay a tiebreaker advantage in the division race. Jacobi recommended the third optionas it gradually reduces the budgetary shortfall with the lowest financialimpact to customers, without significantly dropping the utility's reserve cash on hand to less-than-ideal levels. The fuel charge will change to 6 per kWh. Visit LakelandElectric.com for more savings tips. That adds up to $2,400 per year. A customer service representative will respond to you within two business days. Lakeland REA Electricity Rates and Options. : Parks director: Lakeland should consider tax for future growth, maintenance, Emergency care: Lakeland Regional Health opening South Florida Avenue facility, Routes near downtown: Citrus Connection will add 2 microbus routes around downtown Lakeland. This will help determine how the rate increase is split among the different types of customers, in addition to city residents versus those outside city limits. Discover something new every day from News, Sports, Finance, Entertainment and more! Keeping the lights on and having air conditioning on is a life and death decision for most of us in Florida. . That's $198 more a year and $594 over 3 years. $75k to expand the City's Internship Program. Bombard said record-high temperatures across the nation this summer along with limited supply of natural gas in the region have continued to drive prices up, extracting a premium pay. The cost of fuel is passed directly to customers with no markup. Listen up, commissioners, you do not have to raise the reserves as fast as the. This increase in electric rates comes at the absolute worst time for everyone affected. Two incidents are causing additional supply issues. After giving a presentation at the Utility. The utility committee's goal is to have a new base rate determined by April. Even with the change, Lakeland Electric will continue to have some of the lowest electric rates in the state. The City owns and operates Lakeland Electric, the third-largest publicly owned utility in Florida and it was one of the first to offer power in the Sunshine State .
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