Wednesday, May 22, 2024
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OUC Board Approved Second Rate Decrease

For the second time in four months, OUC’s Board of Commissioners voted to lower electric rates. The OUC rate adjustment for Orlando/Orange County and St. Cloud/Osceola County residential customers will take effect on October 1st.




Collectively, the two rate changes total a net average savings of $15 per month for the average residential customer with 1,000 kilowatts (kWh) hours of usage.

“This additional rate adjustment reflects our commitment to pass along savings to our customers whenever possible. It’s the right thing to do,” said Mindy Brenay, Chief Financial Officer. “Throughout our 100-year history, OUC’s focus has been and remains to provide affordable, reliable, and sustainable electric and water services.”

In May, the Board approved a decrease in pass-through fuel costs that took effect in June – a move that yielded on average a 10% reduction in customers’ monthly electric bills across all customer segments. The average residential customer using 1,000 kWh saw a savings of $13 a month in Orlando/Orange County and $13.52 a month in St. Cloud/Osceola County.

OUC’s Board of Commissioners voted to further decrease the electric customer bill last month. The average residential customer using 1,000 kWh can expect savings of approximately $2 a month in Orlando/Orange County and $2.08 a month in St. Cloud/Osceola County with the latest OUC rate decrease. The rate adjustment will take effect on October 1st, pending review by the Florida Public Service Commission.

OUC’s said local rates remain below the average of its peers, which can be viewed here: A Valuable Connection

To further assist customers, OUC offers a variety of programs including the Power Pass prepaid program, Budget Billing and payment plans. OUC offers efficiency programs and tips to use less energy and water. Additionally, OUC’s Project CARE assistance program provides emergency relief to those experiencing financial hardships.

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