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Lower Electric Bills For EREC, Gulf Power

A little good news for Escambia River Electric Cooperative and Gulf Power  customers — electric bills are on the way down.

Over the past year, the “purchased power cost adjustment” for EREC customers has decreased $36 on an average bill of 1,000 kilowatt hours. EREC said the lower power cost adjustment is due to lower fuel costs being passed along to end users.

“When we benefit from lower energy costs, we will pass that benefit along to you as a valued member of EREC,” the company said in a news release.

Beginning January 2011, the typical Gulf Power Company 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.”