TAMPA, Fla.Tampa Electric customers will save some money on power bills after the start of the new year. 

  • TECO customers will see bill decrease
  • Fla PSC approved TECO's projected fuel costs, which will mean lower monthly bill
  • Tampa Electric Company

This week, the Florida Public Service Commission approved Tampa Electric’s projected costs for fuel. The lower costs mean residential customers will see the lowest monthly bills in 13 years – below $100 for the average household. 

Commercial and industrial customers also will see their bills drop. 

Tampa Electric's average residential bill will drop by about 8 percent, or more than $8, to $99.53 for 1,000 kilowatt-hours (kWh) of usage. Commercial and industrial customers will also see bills drop by about 8 percent to 10 percent, depending on usage. 

"Tampa Electric is proud that our bills will drop to about the same level as they were in 2005," said Nancy Tower, president and chief executive officer of Tampa Electric. "And we will continue to have some of the lowest rates in Florida."