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JEA Board Approves Customer Fuel Credit
Jacksonville, FL - Today, JEA’s Board of Directors approved a fuel credit for all JEA customers. The credit will appear on most customers’ April bill starting April 2 (May bill for those whose meter is read in late April). This one-time credit comes from JEA’s savings on fuel costs because the price of natural gas was lower than expected. This credit will be applied to active accounts corresponding to the customer’s April 2013 meter reading.
JEA’s Chairman Ashton Hudson said, “JEA has been able to save on fuel costs associated with the use of natural gas to produce electricity. JEA is passing this savings on to our customers.”
JEA’s Board of Directors approved a fuel credit that will mean a residential customer using 860 kilowatt-hours will receive a $35.35 fuel credit, for example. The fuel credit will vary depending on the customers’ use.
All customers are receiving the credit. After analyzing the last 10 years of usage, April was determined to be a stable month for consistent usage because there are few peaks and lows due to the weather. Therefore, we are able to better predict how many kilowatt hours will be used in April, allowing us to reliably determine how much each customer receives.
This is the second time in nine months that JEA customers have benefited from the historic low cost for natural gas. Last July, the variable fuel rate charge was lowered $5.18 for the residential customer who uses an average of 1,250 kilowatt hours. JEA’s fuel diversity and excellent operating performance have allowed JEA to shift more toward natural gas. In 2012, JEA produced four times more electric generation from natural gas than in 2007. The variable fuel rate is set annually during the budget process.
JEA is the seventh-largest community-owned electric utility in the United States and one of the largest water and sewer utilities in the nation providing electric, water and sewer service to residents and businesses in northeast Florida.
- fuel credit