TECO seeks temporary rate increase amid storm recovery and infrastructure upgrades

The Brief

  • Tampa Electric Company (TECO) has requested approval to raise electricity rates temporarily.
  • Residential customers could see bills rise by about 5.3%, or roughly $8.88 more per month.
  • The proposal has sparked protests, with critics citing recent rate hikes earlier this year.

TAMPA, Fla. Homeowners and bill payers in Central Florida may soon see another bump in their utility bills. Tampa Electric Company (TECO) has filed a request with the Florida Public Service Commission (PSC) to temporarily raise electricity rates.

If approved, a typical residential customer using 1,000 kilowatt-hours per month would see their bill increase by 5.3% — or about $8.88 more each month — bringing the total to $176.89. For commercial and industrial customers, the increase would range between 2% and 10%, depending on usage.

PREVIOUS COVERAGE: TECO rate hikes get backing

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