Higher fuel costs push up TVA electric rates in April - WRCBtv.com | Chattanooga News, Weather & Sports

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Higher fuel costs push up TVA electric rates in April

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Spillways at Chickamauga Dam create a spray on the supports as gulls circle looking for food. Photo by Tim Barber/Times Free Press Spillways at Chickamauga Dam create a spray on the supports as gulls circle looking for food. Photo by Tim Barber/Times Free Press
CHATTANOOGA, TN (Times Free Press) -

Spring has arrived with warmer temperatures, but consumers are still paying the price for the cold winter.

The Tennessee Valley Authority will boost its monthly fuel cost adjustment in April as the federal utility catches up for higher fuel costs incurred during the extreme temperatures in January and continued colder than expected weather in February.

TVA fuel costs will boost the average electricity rate in Chattanooga by 0.6 percent next month from the current rate, according to EPB. April electricity rates in Chattanooga will be 9.3 percent higher than a year ago.

The increases are due to fuel costs that are up 23.5 percent from a year ago, TVA said. Although TVA fuel rates were similar to a year ago during the coldest weather in January, TVA is making up higher-priced fuel and purchase power expenses during the subfreezing temperatures at the start of the year with higher fuel cost adjustments this spring.

Read more from our news partners at the Chattanooga Times Free Press.

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