GRU Lowering Fuel Adjustment in December
Gainesville, FL - December 1, 2023?- GRU is reducing its electric fuel adjustment today, Dec. 1, saving a residential electric customer using 1,000 kWh $5 a month as the weather is cooling down. This continues a trend of reducing electric bills. A 1,000 kWh residential electric customer’s December bill is about $36 less than last December.
Additionally, GRU is reducing its purchased gas adjustment, the charge natural gas customers pay for fuel. A natural gas customer using 25 therms a month will save 75 cents. GRU’s natural gas rates already are among the lowest in the state.
December’s reduction marks the fourth time GRU has lowered its fuel adjustment this year. The fuel adjustment recovers costs GRU incurs to purchase fuel and provide power. GRU does not earn a profit on fuel costs.
GRU’s decision to lower its electric fuel and purchased gas adjustments this December is based on lower current and projected natural gas prices. The utility assesses fuel charges regularly and adjusts them when appropriate.