Fuel Credit
When market conditions allow, we are proud to give our electric customers a fuel credit on their bill.
JEA’s use of a diverse fuel mix allows us to switch to the lowest cost fuel to generate electricity. This flexibility generates a fuel-cost savings, and when we save, our customers save.
Recent Fuel Credits
In May 2020, JEA returned $27 million in fuel credit rebates to electric customers.
Past fuel credits were also issued:
- October 2015
- April 2015
- July 2014
- April 2013
How We Determine Your Fuel Credit
Once JEA’s Board of Directors approves a fuel credit, the total amount to be returned to customers is divided by the projected total kilowatt hours used by all customers in a certain billing period. This determines the amount of credit per kilowatt hour. The amount of each customer’s credit is then based on the number of kilowatt hours of electricity a customer used in this billing period multiplied by the credit per kilowatt hour.
Calculating Your Credit
÷
1,041,712,758 kilowatt hours (historical median consumption for all JEA customers in October)
=
$0.05765 per kilowatt hour
Customers can further determine their fuel credit by multiplying the kilowatt hours on their bill for October 2015 by $0.05765. For example, in October, if a meter showed a customer used 1,000 kWh:
1,000 kWh
x
$0.05765
=
$57.65 Fuel Credit/October 2015 Fuel Credit
It’s always great to receive a credit on your bill when you aren’t expecting it. And we know our customers have enjoyed the Fuel Credit in the past. We also like returning these savings to customers and will to do it again in the years ahead if the cost of fuel allows.