TVA Board holds base rates steady, increases customer credits for 2023 fiscal year
Sep 1, 2022
Despite high inflation and fuel prices, the Tennessee Valley Authority (TVA) says it is maintaining strong, steady electric rates for the next decade.
Over the past 10 years, the TVA says their wholesale power rate has maintained an average of about 7 cents per kilowatt-hour. “This allows us to keep those rates flat because we’re investing in new technology…new nuclear…new solar,” TVA Spokesman Scott Fiedler said.