Mississippi Power today announced it has filed a fuel cost request with the Mississippi Public Service Commission that would reduce the portion of customer bills related to fuel. Based on the request, a residential customer using 1,000 kWh of electricity per month could see an average savings of $13.70 on their total monthly bill.
If approved by the PSC, the lower fuel rates will go into effect in February. The total annual reduction in fuel costs in 2016 is approximately $120 million.
The requested decrease is being driven by the company’s ability to take advantage of lower fuel prices.