LCEC has DECREASED the Power Cost Adjustment for a second time beginning August 1, 2023, based on forecasted fuel costs and cost recovery.
LCEC is a proud member of Touchstone Energy Cooperative.
May 31, 2023 – A Power Cost Adjustment (PCA) decrease of approximately 9.8 percent (average bill of 1,000 kWh) will be implemented for LCEC customers on June 1. The decrease is the result of cost recovery forecasts and budget projections related to purchased power costs passed on from the LCEC power supplier, Florida Power and Light (FPL). Power cost adjustments fluctuate and increase or decrease as the cost to generate power rises and falls.
PCA charges are determined to adjust for or anticipate costs for purchased power. Since 2014, there have been five PCA decreases. There are no margins (profit) earned on the power cost portion of the customer bill, it is simply a pass-through to FPL.
Power cost adjustments are not unique to LCEC. Energy suppliers have adjustments based on variable fuel costs related to power production.
Residential Customer Bill per 1,000 kWh
Customer Charge: $18
kWh Cost: $81.20
Power Cost Adjustment: $41.00
Total: $140.20 (decrease of 14.50)
In order to assist customers having a hardship with their electric bills, LCEC partners with United Way to offer energy assistance through the Power to Share Program. The program is funded by LCEC employees and customers to help qualified customers in need of electric bill payment assistance. Those able to round up their monthly bill to the nearest dollar can contribute to the fund by visiting https://customer.lcec.net/LCEC_public/pages/roundup/billroundup.xhtml.
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