Duke Energy Florida plans to reduce rates for its Florida customers in 2020

Duke Energy Florida (DEF) said Monday that it plans to reduce rates for its Florida customers by more than three percent in 2020 while adding more solar power and making grid improvements.

DEF recently filed a proposal with the Florida Public Service Commission (PSC). If approved, a typical residential customer using 1,000 kilowatt-hours (kWh) would see a reduction of $4.69 in their monthly bill starting in January 2020.

Commercial and industrial customers would see a decrease between 3 and 9 percent. The specific bill impact will vary depending on several factors.

The 2020 rates would reflect the new Lake Placid and Trenton Solar Power Plants, grid improvements, grid reliability investments, and DEF’s annual fuel, capacity, energy conservation, and environmental compliance clause financials.

“We know how important affordable energy is to our customers’ daily lives,” Catherine Stempien, Duke Energy Florida state president, said. “We are proud to provide electricity at rates lower than the national average, while also making investments to increase the amount of energy we get from renewable sources, to enhance the security of our energy supply, and to bring new technologies to our Florida systems.”