OUC fuel-rate decrease to take effect in October

The Orlando Utilities Commission has announced another fuel-rate decrease which is set to take effect Sunday, Oct. 1.

The change will be the utility company's second fuel-rate decrease in four months.

The OUC Board of Commissioners voted to lower the electric rates Aug. 8.

According to OUC, the new decrease will save the average residential customer using 1,000 kWh approximately $2 a month in Orlando/Orange County and $2.08 a month in St. Cloud/Osceola County. 

The news comes only a few months after a previous decrease that took place in June.

According to OUC, the change yielded on average a 10% reduction in customers’ monthly electric bills across all customer segments. The average residential customer using 1,000 kWh saw a savings of $13 a month in Orlando/Orange County and $13.52 a month in St. Cloud/Osceola County.

The two rate changes total a net average savings of $15 per month for the average residential customer with 1,000 kWh of usage.

The FPSC in March also approved Duke Energy's updated fuel and capacity rate request and recovery of storm restoration costs due to increased fuel costs from 2021 and 2022. 

The rate adjustment went into effect last April and reflects recovery of the fuel under-recovery for a period of 21 months. The adjustment includes also storm-restoration work, mostly associated with hurricanes Ian and Nicole.

As a result, Audrey Stasko, Duke Energy corporate communications representative, said, the monthly bill for a typical residential customer using 1,000 kWh is $171.83 — an increase of about $25 compared to last year. 

Comparatively, customers who have OUC as their electric utility pay about $132 for the same energy usage after the recent fuel-rate decrease.

For more information on OUC, click here.

To read more about how OUC compares to Duke Energy rates, click here.