Big Savings

From the Palm Beach Post-

Florida Power & Light Co. said Tuesday that its customers will see their monthly utility bills drop almost a buck next year in part because natural gas prices aren't likely to change much.

The chief reason behind the decrease, however, is that FPL has stepped up efforts to make its power plants run more efficiently, allowing them to produce the same or more electricity without using as much fuel, officials said.

"By increasing the efficiency of our network, we're making sure that we maintain reliable service while minimizing the impact of rising fuel prices," FPL President Armando Olivera said in a statement.

The typical bill of 1,000 kilowatt hours will decrease 94 cents - about 1 percent - to $102.49, FPL said. An average monthly bill of about 1,164 kilowatts would be about $121.83 in 2008.

This is the second time in two years that FPL bills have dropped because of lower natural gas prices. FPL's residential customers now pay $103.43 per 1,000 kilowatt hours each month.

Florida consumers shouldn't rush to the bank with that dollar yet. FPL wants its customers to pay for this bad idea. Somehow when all things are done with, I'll still be paying more for electric.(Something is seriously wrong now. My electric bill hitting $300 for the first time ever last month)

Update- Maybe I should give Kristi Swartz a Knucklehead. Consumers will save approximately a dollar month, not for a year. To make sure I was re-reading this right, I double checked the Sarasota Herald-Tribune. They report it as $1 a month.

This is a small error compared to the Post's goof here. Didn't anyone proof read what Ms. Swartz wrote?

Linked to- Bright & Early, Bullwinkle, Outside the Beltway,