Florida Power & Light seeking to further reduce rates
Florida Power & Light Company is seeking approval from the Florida Public Service Commission (PSC) to further reduce its rates beginning in May.
This would be the second rate decrease in a row after the company got a rate decrease approved for April.
The approved April rate decrease was due to the fact that a temporary surcharge to recover restoration costs from past hurricanes ends March 31. That means a typical 1,000-kWh residential customer bill will fall nearly $7.
The proposed May rate decrease reflects lower projected prices for natural gas, which is used in FPL’s power plants to generate electricity. If the PSC approves, a typical 1,000-kWh residential customer bill would fall about $7.70 beginning in May.
If the Florida PSC approves FPL’s request, the bill for a typical 1,000-kWh residential customer would be more than $14 lower in May than it is today.
“We are committed to providing reliable energy and keeping customer bills as low as possible. While we are pleased with the possibility of back-to-back rate reductions, we also encourage customers to take advantage of tools and tips from our energy experts to help customers reduce their energy usage and make their bills even lower,” FPL President and CEO Armando Pimentel said.
Florida Power & Light Company provides electricity to approximately 5.9 million accounts, or more than 12 million people in Florida.
