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Your Money: Gulf Power Bills Going Down
November 12, 2010
A little good news for Gulf Power Company customers — power bills are headed down in January.
Beginning January 2011, the typical residential customer will see a 2.8 percent decrease on their electricity bill as compared to January 2010, according to the company.
Gulf Power said the decrease is primarily driven by a lower cost of fuel the utility uses to produce electricity. By strategically monitoring its generation fuel mix to use the most cost-effective generation available, the company was able to lower residential electricity prices for 2011.
“The bottom line is that fuel prices have come down and we’re passing that savings along,” said Jeff Roger, spokesman for Gulf Power. “It’s a drop that will directly benefit our customers.”
Gulf Power’s base rates have not changed since 2002, but the cost of fuel continued to rise. Now, those fuel costs are coming back down.
“In previous years we saw the costs for fuel soar, but right now we’re projecting the costs will continue to be lower,” said Rogers. “In the end it means lower electricity bills and that’s great news for Gulf Power customers.”
Gulf Power primarily uses coal and natural gas as fuel for generating electricity, Rogers said.
Comments
12 Responses to “Your Money: Gulf Power Bills Going Down”
It is about time — I would like to know why Gulf Power hasn’t given us a rate decrease sooner considering the fact that natural gas and coal prices have been very low for a year or longer now, but I will take it — anything beats the constant rate increases that we are used to getting.
Gulf Power — what took you so long and why such a low percentage decrease– coal and nat gas prices have been very low for a year or more now? I will take the rate decrease though, it is far better than getting the frequent big rate increases that we have become accustomed to receiving.
Just in case you all don’t know about this let me tell you this trick.
There was a mention about this in news but maybe you all missed it.
I have done it for years and it saves lots of money on your winter heating
bills
Buy Electric dual control blankets for your beds and turn your heat in
the winter almost off at night. Then turn it up about 4 in the A.M a little.
Turn it up even higher during the day and weekends when your all home.
Just turning it off in the winter nights will save you a bundle and you will
still be snuggie warm in bed. Keep slippers by the beds for the children
as the floors will be cold.
Hope this helps you all through the holiday season.
From my family to yours.
Replying ti BMM; Gulf power raised there rates last year because of the contract they where in for fuel. This year there are lowering the rate about as much as it whent up because of fuel cost. KO DO”S
Now if EREC would follow Gulf Power in lowering bills we could all be happy. I will not hold my breath waiting for this to happen. I think high bills are here to stay. Come on, EREC, make your customers happy for Christmas!
Didn’t Gulf Power and/or Alabama Power lower their rates last year too? EREC increased last year didn’t they? Seems to me my rates since I moved from Molino to Walnut Hill a couple of years ago seem a great deal higher.
Gulf Power — why has this been so long coming — coal and nat gas prices have been excessively low for over a year now, but I will take the decrease because anything beats the constant increases that we normally get hit with.
Gulf Power just made a whole lot of friends! this is how a good business should operate! Now if we could just get the rest of the “necessary” bills to go down! Thsnk you Gulf Power!!!
That goes to show that when gulf power needs money {not want} they raise the rates.When they don”t need the money,they lower the rates. Good for all customers.
Why doesn’t Escambia River Electric Co-op join with ECUA and reduce our electric bills? Gulf Power rates were already lower than EREC and now they are even going lower! Something is definitely wrong here!
Good job, Gulf Power!!!
Thank God