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Great news for Duke Energy Florida customers!

Duke Energy Florida, along with consumer representatives, has filed a proposed settlement that aims to increase base electric rates, but not as significantly as initially proposed. This settlement is still awaiting approval from the state Public Service Commission but marks a promising development in the ongoing rate case.

Key Points:


Proposed Increases:

Base rates to increase by $203 million in 2025 and $59 million in 2026.

Additional increases over three years to support solar-energy projects.


Consumer Agreement:

The settlement was reached with the state Office of Public Counsel and other significant parties like the Florida Retail Federation and the Florida Industrial Power Users Group.


Benefits to Customers:

The settlement promises lower increases in customer bills compared to the original proposal.

Residential customers consuming 1,000 kilowatt hours of electricity monthly will see a decrease in their bills from $165.76 in December to $157.50 in January 2025.


Support for Solar Energy:

New solar facilities will be supported with increases totaling $12 million in 2025, $71 million in 2026, and $58 million in 2027.

This agreement underscores Duke Energy Florida’s commitment to providing a smarter, cleaner energy future while ensuring reliability and price stability for its customers. To learn more about the settlement and its implications, you can read the full article here.


Stay tuned for more updates on how this settlement will impact you and other utility customers in Florida!

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