Memphis Light Gas & Water (MLGW) customers can expect their electricity bill to rise “substantially“ this summer, the utility said Thursday.
MLGW said customers can expect their electric bills to rise by 20 percent to 40 percent on average, depending on consumption. This could translate to bills rising by by $30 to $60 per month.
“The Tennessee Valley Authority (TVA) and utility industries across the globe are experiencing fuel-market challenges in the face of high natural gas and coal prices, summer supply concerns, and an increase in electricity demand,” reads a statement from MLGW. “Due to increasing TVA fuel rates combined with increasing summer electricity consumption, MLGW customers will see summer electric bills increase substantially.”
MLGW said air conditioning accounts for most of summer electricity costs. The utility recommends setting thermostats to 78 degrees or above for maximum savings. To find more energy conservation tips, visit mlgw.com/conserve.
