Will “seco” lower there rate!!!

[Daddymac]

https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386

[dewilson58]

Only if you hold your breath.

:ho:

[ton80]

One Florida Electric Company Plans to "Significantly Reduce" Electric Rates In The Coming Months. (https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386)

SECO latest bill that I received has started lowering the cost at 20.3%. See Hot Bucks discount which is the Power Cost Adjustment.

DEW you can breathe again.

[Topspinmo]

I’ve been paying utilities for around 55 years. I have never witnessed prices going down? It’s always nickel and dimes which add up to dollars. :MOJE_whot:

And then there the dollars jump. :bowdown:

[Topspinmo]

SECO latest bill that I received has started lowering the cost at 20.3%. See Hot Bucks discount which is the Power Cost Adjustment.

DEW you can breathe again.


This month, but overall it’s going to rise.

[Daddymac]

And they just keep going

[ton80]

This month, but overall it’s going to rise.

It all depends on the Price of Natural Gas. The power price will change with changes in NG prices both up and down. The OP asked when will SECO reduce prices since OP referenced a Power Company that announced a power cost decrease. My reply said that have started to decrease the price.

SECO's power is purchased from Power Generating Companies whose power is mostly produced from Natural Gas. SECO is a not for profit cooperative electric power provider. Therefore, SECO passes power cost savings on to their customers via Hot Bucks (negative Power Cost Adjustment). Cost increases are shown as positive PCA.

SECO news:
SECO announces energy bill reduction. The Hot Bucks credit will reduce SECO Energy's cost for residential service per 1,000 kilowatt hours (kWh) from $146.60 to $116.60, with bills generating as of Oct. 1.Sep 27, 2023

| Local News

Chronicle Online
chronicleonline.com | Florida's Best Community Newspaper (https://www.chronicleonline.com) › news › seco-announc...

Quotes from SECO
What is the power cost adjustment on SECO Energy bill?
The adjustment, known formally as the Power Cost Adjustment (PCA), will result in average bills totaling their lowest cost in the last five years. SECO Energy coined the term, “Hot Bucks,” to refer to opportunities the not-for-profit cooperative electric provider acts upon to lower members' bills. Sep 29, 2023

[Rainger99]

It all depends on the Price of Natural Gas.

In the US, about 60% of our electricity is generated generation was from fossil fuels—coal, natural gas, petroleum, and other gases; about 18% is from nuclear energy;and about 21% is from renewable energy sources.

Does anyone know what the percentages are for SECO and Duke?

[DAVES]

I’ve been paying utilities for around 55 years. I have never witnessed prices going down? It’s always nickel and dimes which add up to dollars. :MOJE_whot:

And then there the dollars jump. :bowdown:

The magic of inflation. I have several of the old metal coffee cans in my garage. Great for loose screws etc. They were a full pound, not the current 10-13 ounces and they are marked ninety-nine cents. Which went up faster-Coffee or screws-or wood or????.

[ton80]

In the US, about 60% of our electricity is generated generation was from fossil fuels—coal, natural gas, petroleum, and other gases; about 18% is from nuclear energy; and about 21% is from renewable energy sources.

Does anyone know what the percentages are for SECO and Duke?

SECO is a local cooperative distributor and buys power in Florida from Florida Generators. The mix from their suppliers is :
36 % Coal
63% Natural Gas
1% Solar

Duke is national so here is their national mix with some notes about Florida:
24.2 % Purchased and net exchange
34.2 % NG and Oil
26.6 % Nuclear (None in Florida, Crystal River unit has been decommissioned)
13.5% Coal ( two units in Crystal River)
1.5 % Solar and hydro


So Duke Florida is mostly fossil fuels as far as I could determine quickly. Florida Nuclear is mainly FL Power and Light.

[Rainger99]

SECO is a local cooperative distributor and buys power in Florida from Florida Generators. The mix from their suppliers is :
36 % Coal
63% Natural Gas
1% Solar

Duke is national so here is their national mix with some notes about Florida:
24.2 % Purchased and net exchange
34.2 % NG and Oil
26.6 % Nuclear (None in Florida, Crystal River unit has been decommissioned)
13.5% Coal ( two units in Crystal River)
1.5 % Solar and hydro


So Duke Florida is mostly fossil fuels as far as I could determine quickly. Florida Nuclear is mainly FL Power and Light.

Thank you. A specific answer to the question I asked!

[Kenswing]

Thank you. A specific answer to the question I asked!

Which you could have easily answered yourself with just the littlest bit of effort.

[blueash]

Who cares if they lower the there rate? I only care if they lower the here rate.

[New Englander]

One Florida Electric Company Plans to "Significantly Reduce" Electric Rates In The Coming Months. (https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386)

When I get my bill from Seco I just call them and ask for the "good guys discount" and they give me 10% off.

[Siegfried]

One Florida Electric Company Plans to "Significantly Reduce" Electric Rates In The Coming Months. (https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386)
Not until they learn punctuation.

[Two Bills]

Who cares if they lower the there rate? I only care if they lower the here rate.

Very subtle. :icon_wink:

[bowlingal]

Daddymac, their rate. they gave us back our hot bucks discount. check out your bill

[Bertram00]

Only if you hold your breath.

:ho:

If that's true, then I hope they lower the rates - then we won't constantly read "I saw this on Newsbreak".

[tophcfa]

SECO is a local cooperative distributor and buys power in Florida from Florida Generators. The mix from their suppliers is :
36 % Coal
63% Natural Gas
1% Solar.

Compared to our electricity provider up north, Eversource, SECO is an incredible bargain. The mandates put on utilities up north to use “so called” green energy sources create very high expenses that are passed along to ratepayers. Our monthly electric bill up north is about the same as as our Village’s homes bill when we spend the entire month in Florida. That’s just not right.

[Wondering]

Seco has already started to lower their rates by bringing back Hot Bucks!

[CoachKandSportsguy]

In the US, about 60% of our electricity is generated generation was from fossil fuels—coal, natural gas, petroleum, and other gases; about 18% is from nuclear energy;and about 21% is from renewable energy sources.

Does anyone know what the percentages are for SECO and Duke?

Duke is a combination of generation, transmission and distribution, so here is Duke's generated mix with the source document for reference:

https://p-micro.duke-energy.com/annual-report/-/media/pdfs/our-company/investors/de-annual-reports/2022/2022-duke-energy-annual-report.pdf

Page 17

From the 2022 annual reported, their generated gigawatts were:
45% Natural Gas/Fuel Oil
35% Nuclear
18% Coal
2% Hydro and Renewable

[laboutj]

I used 100 more KwH in October 2023 compared to October 2022 and my bill was $28 lower in October 2023

[Fenster]

One Florida Electric Company Plans to "Significantly Reduce" Electric Rates In The Coming Months. (https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386)

Where?

[JRcorvette]

One Florida Electric Company Plans to "Significantly Reduce" Electric Rates In The Coming Months. (https://www.newsbreakapp.com/n/0pchjexK?pd=07MqUfPw&lang=en_US&s=i16&send_time=1699886386)

Ours went up 10% this month

[Bill14564]

Ours went up 10% this month

Your rates went up or your bill went up?

My overall rate went down with the reintroduction of Hot Bucks