May 2, 2022 - A Power Cost Adjustment (PCA) increase will be implemented for LCEC customers on their May bill. The increase is the result of rising purchased power costs passed on from the LCEC power supplier, Florida Power and Light (FPL).
PCA charges are determined after consideration of projected costs for purchased power. When purchased power costs decline the PCA is decreased. Since 2014, there have been five PCA decreases. There are no margins (profit) earned on power costs which makes up more than 70 percent of the LCEC bill.
Even with the power cost adjustment, LCEC rates remain competitive within the region. LCEC customers have not seen a base rate increase in 13 years. The base rate is the portion of the bill that LCEC is able to manage through efficiencies, technology, and a close watch on the bottom line.