|
You have asked us to keep you informed on the status of JEA’s Fuel Fund budget variance. First let’s review how the fuel fund works. Annually, JEA will review fuel costs versus revenue collected and adjust accordingly. In addition, intra-year fuel rate adjustments may occur when the fuel fund variance percentage exceeds a plus or minus 10% threshold.
For example, if the fuel revenue exceeds the fuel expense by 10% the fuel rate portion of the bill may be adjusted downward. Conversely, if the fuel expense exceeds fuel revenue by 10% the fuel rate portion of the bill can be adjusted upward. Please keep in mind, the fuel rate is one component along with base electric rate and applicable taxes that comprise your total monthly electric bill.
Should fuel prices remain at their current levels and our solid fuel units continue to perform according to plan, we do not expect to see a near-term fuel rate increase.
If you have questions, please email us at solutions@jea.com or call us at 665-6250.
(Figure A) JEA’s fiscal year, cumulative fuel fund revenues vs. fuel expenses in total dollar amounts.
|
