FPL gets approval for May rate reduction

The Florida Public Service Commission (PSC) unanimously approved a rate reduction request by Florida Power & Light Company.

This will take effect in May and marks the second consecutive month of rate decreases for FPL customers. With the approval, the typical 1,000-kWh residential customer bill will see their bill reduced by roughly $14 lower in May, compared to March. Individual bills vary based on customers’ energy usage.

Customers saw a rate decrease in April because a temporary surcharge to recover restoration costs from past hurricanes ended March 31. That reduced a typical 1,000-kWh residential customer bill by nearly $7.

The May rate decrease reflects FPL’s request to reduce the fuel charge on customer bills due to lower prices for natural gas used at some FPL power plants to generate electricity. That means a typical 1,000-kWh residential customer bill will fall about $7.70 beginning in May.

“We remain committed to providing reliable energy and keeping customer bills as low as possible. Back-to-back rate reductions are good news for customers. As ever, but especially as the days get warmer, we encourage customers to make their bills even lower by taking advantage of tools and tips from our energy experts to help reduce energy usage,” FPL President and CEO Armando Pimentel said.

Florida Power & Light Company serves approximately 5.9 million accounts, or more than 12 million people in Florida.