Power bills going up

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By Claude Lewis

Skyrocketing gasoline prices continue to be much more far-reaching than what you literally pay at the pump.

A close look at your power bill will reveal charges directly linked to fuel cost increases.

After holding off for as long as possible, Central Florida Electric Cooperative finally had to pass some of the load to its 30,000 customers in the tri-county area.

On your bill under "Current Charges," there are a number of lines breaking down each month's figures.

The third item down reads "Wholesale Power Adjustment." From mid-April to mid-May, the charge was at $0.0065. That came out to $6.50 on the $100.

CFE Co-op Member Services director Tim Hastings said that will increase to $0.00925 on the next bill, with more hikes possible as no relief at the gas pump is in sight.

The $0.00925 would put the figure at $9.25 on the $100.

"The 'Wholesale Power Adjustment' was zero four or five months ago, but fuel costs are forcing us to change that," Hastings said. "We've been trying to hold it down. This will surprise people in the coming months."

Hastings said rising costs of fuel affect the costs of coal and natural gas.

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