City Lowers Electric and Natural Gas Rates - Again!
City of Tallahassee electric and natural gas customers will see lower utility bills effective Oct. 1. Electric and natural gas rates for residential customers will decrease by two percent each. Rates for commercial customers will lower by between 2.9 and 3.4 percent, depending on the size of the business.
"Having recently met with a group of small business owners, I know this comes as welcome news as they continue to endure a difficult economy," said City Commissioner Andrew Gillum, lead commissioner on the City's Financial Viability of the Government target issue committee. Gillum also indicated that "the City needs to find more ways to help the business community in these trying times."
With the newly announced rate reduction, City electric rates have decreased by 23 percent since January 2009. Natural gas rates have lowered by 24 percent in that same time period. City utility rates are adjusted twice annually, in April and October, based on the cost of fuels to run power plants and the price of natural gas. Changes in the Consumer Price Index (CPI) are also taken into account.