The price of electricity will decline along with the early autumn temperatures next month, but the average power bill in Chattanooga will still be up by more than 5.3% from a year ago.
The Tennessee Valley Authority is cutting its monthly fuel cost adjustment, starting Wednesday, compared with the current month. But the fuel cost portion of the typical electricity bill will be up 22% from the average of the past three years when the pandemic and abundant gas and coal supplies pushed down fuel rates.
“The higher fuel rate is mostly due to expectations for increased natural gas prices and a small increase in TVA sales relative to the comparative three-year timeframe (which includes COVID impacts from September 2020),” TVA spokesman Scott Brooks said.
For the typical Chattanooga household using 1,295 kilowatt-hours of electricity a month, September’s light bill will total $127.34, or $1.13 less than in August, according to EPB.
But next month’s electric bill for the typical Chattanooga residential customer will still be up by $6.45 from the same month a year earlier.