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Homeowners bills are increasing and it’s not just because mortgage rates have been inching up since early autumn. Instead, homeowners can thank volatile natural gas prices for their hefty bills.
Luckily, recovery is on the way now that Duke Energy Florida proposed a fuel adjustment that would reduce the financial burden on customers. The company uses natural gas as its main fuel source to generate electricity at most of its power plants.
ST. PETERSBURG, Fla., Dec. 17, 2021 /PRNewswire/ Duke Energy Florida today proposed a fuel adjustment in a way that would limit the impact of volatile natural gas prices on customer bills.
. | December 17, 2021