TVA electricity sales, prices rise but net income drops for utility

Staff file photo / The Tennessee Valley Authority building in Chattanooga is shown in 2016.

Power prices and consumption rose this spring across the Tennessee Valley as warmer temperatures and increased economic activity boosted electricity use despite higher prices for that power.

The Tennessee Valley Authority said Tuesday its average delivered price of power increased nearly 11% in the past year due to the jump in natural gas and coal prices.

Combined with a 7% rise in electricity usage due largely to warmer weather this spring, consumers were hit with double-digit increases in their electric bills during the second quarter and continue to pay even higher bills this summer.

For the typical residential EPB customer in Chattanooga that uses 1,295 kilowatt-hours of electricity a month, the higher fuel cost adjustment next month will boost his or her August power bill to $159.36,