TVA rates to rise in November

TVA rates to rise in November

October 16th, 2012 by Staff Report in Business Around the Region

TVA building

The Tennessee Valley Authority will boost wholesale rates next month to reflect higher fuel costs as power demand increases with cooler temperatures.

TVA spokesman Scott Brooks said Monday that TVA fuel expenses "are expected to be higher in November with the start of the colder weather season leading to increased demand." For the typical Chattanooga household that uses 1,460 kilowatt-hours of electricity every month, the higher fuel cost adjustment will boost the November power bill by $1.59, or 1.06 percent, from $149.84 to $151.43, according to EPB estimates.

The fuel cost portion of TVA bills next month will be 15.3 percent higher than in November 2011.