Fuel Prices Are Impacting All Of Us
Whether it’s filling a car’s tank, or buying fuel for a power plant, the higher prices we’re paying for fuel –unfortunately – have become a way of life.
Between 1999 and 2006, the price of the residual oil we use at our power plants has increased by 392 percent, and natural gas prices have increased by 380 percent. Natural gas prices have increased from $1.81 per million BTUs in 1999 to $8.68 in 2006; residual oil prices increased from $9.96 per barrel in 1999 to $ 49.00 in 2006. Experts who monitor fuel prices predict they will continue to be high well into the future.
All of this is as frustrating to us at FPL as it is to you, which is why we’re fighting high fuel costs by maximizing efficiency at our power plants and finding ways to offset high fuel costs, such as maintaining a diverse fuel supply that includes lower-cost nuclear and coal, and being able to switch fuels at some plants when prices of one type of fuel are lower. |
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We hope you’ll join this fight, too. We offer a number of tools that can help you become more efficient with your electricity use.
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