FL – Tampa Electric

Case: 20210034
Initial Filing Date: 2/1/2021
Summary: 18% increase
Effective Date: 1/1/2022
Status: Settled
Type: Electric

 

Tampa Electric has filed a petition with the Florida Public Service Commission requesting a general base rate increase of approximately $295 million, or approximately 18%. Effective Jan. 1st, 2022, this increase will affect all customers taking service in the state of Florida.

They have also requested two generation base rate adjustments of $102 million and $26 million to go into effect on January 1st of 2023 and 2024, respectively.

For the rates going into effect on January 1st, 2022, see below for a summary of how the increase will affect the average customer’s monthly bill, broken down by rate class:

  • The monthly bill for the average Residential Service customer would increase from $105.25 to $125.48, or a 19.2% total increase.
  • The monthly bill for the average Small Commercial General Service customer would increase from $162.31 to $188.51, for a 16.1% total increase.
  • The monthly bill for the average Commercial General Service Demand customer would increase from $34,142.69 to $38,432.20, for a 12.6% total increase.

For a full breakdown, Schedule A-3 can be found here, and shows the percentage increase for each component of each schedule.

The proposed tariff can be viewed in its entirety here in Appendix B, as a part of Tampa Electric’s official filing.

Lastly, to view any other related documents, the full docket for this rate case can be found here on the Commission’s website.

Looking for a breakdown on current rates for customers taking service from Tampa Electric? Interested in historical data to help your business better plan for the future? Sign up for our risk-free 14 Day Free Trial and gain access to RateAcuity’s vast database, or contact one of our data experts today to see how we help our diverse customer base meet their business needs across the nation!

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