With summer approaching and anticipation that energy demand will increase, TVA is boosting its wholesale power rate by 2.1 percent in May, raising residential utility bills an estimated $1 to $3 a month.
TVA announced Friday that it will raise its total monthly fuel cost from the 2.163 cents per kilowatt-hour April rate to 2.311 cents per kilowatt-hour for the billing period starting May 1.
Utilities served by TVA typically pass the expense on to their customers.
