OUC Board Votes to Decrease Electric Retail Price for Second Time in Four Months

Combined Monthly Savings of $15 for Average Residential Customer
Lower Customer Rate to take Effect October 1, 2023

For the second time in four months, OUC’s Board of Commissioners voted to lower electric rates. 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.

Yesterday, OUC’s Board of Commissioners voted to further decrease the electric customer bill. 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. The rate adjustment will take effect on Oct. 1, pending review by the Florida Public Service Commission.

OUC’s rates remain below the average of its peers, which can be viewed here: A Valuable Connection (ouc.com).

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