By The Associated Press
KNOXVILLE, Tenn. — The Tennessee Valley Authority’s monthly fuel cost adjustment will drop by up to $2 for average home customers in the April billing due partly to an accounting change.
TVA in a statement Tuesday said the newly named total monthly fuel cost reflects a 1.2 percent decline in the utility’s total average wholesale price per kilowatt hour, compared with the March billing.
The decline stems partly from TVA changing to calendar-month sales in its fuel accounts.
Effective April 1, TVA is also changing its 19-year-old rate structure to promote energy efficiency and reduce peak power demand.
Decisions about customer rates from that change are being made by the utility’s 155 distributors that supply power in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.