Talk of The Villages Florida - View Single Post - SECO statement: hot bucks???
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Old 06-30-2019, 10:20 AM
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The billing rate, 11.7cents per KwH for the first 1,000, is approved by the state. View it as a ceiling. The hot bucks is a discount from this number for lower negotiated rates, usually for lower natural gas rates.

It is not guaranteed, and it does vary.

Edit to add, most electricity in Florida comes from gas powered plants.