Despite higher prices at the gas pump, the cost of power in the Tennessee Valley will dip again next month with the fuel cost adjustment for May the lowest in three years.
The Tennessee Valley Authority continues to benefit from above-average rainfall and more nuclear power generation, which TVA spokesman Scott Brooks said combine to cut the average fuel rate for next month about 10 percent below the three-year average for May.
Power prices drop
In Chattanooga, the monthly electric bill for a household using 1,295 kilowatt hours of election is declining:* $139.35 in May 2019* $139.65 in April 2019* $140.70 in May 2018Source: EPB
Last year’s record high rainfall and precipitation so far in 2019 – more than 10 inches above normal – are boosting power output from TVA’s cheapest source of electricity generated at its 29 power-producing dams on the Tennessee River and its tributaries.
TVA’s seven nuclear power plants also rely upon cheaper fuel and natural gas prices. The spot price of natural gas remains only about half of the level reached five years ago.