Duke Energy Florida set to lower bills again in June

Published on April 10, 2024 by Dave Kovaleski

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Duke Energy Florida is lowering customers’ electric bills for the second time this year.

The company filed a fuel midcourse rate request with the Florida Public Service Commission to account for lower projections for natural gas costs. The latest rate reduction is set to begin in June.

Under the proposal, a typical Florida residential customer with a monthly usage of 1,000 kWh would see their bill decline by $5.90, or almost 4 percent. This would be on top of a $11.29 decrease, or about 6 percent, that the typical residential customer got in January.

Also, the typical commercial and industrial customers will see a bill decrease between 3.5 percent and 7.0 percent, based on several factors.

“With fuel prices expected to decline, we have an opportunity to lower rates for a second time this year for our customers, just as we prepare for the higher energy usage that come with summer months,” Melissa Seixas, Duke Energy Florida state president, said. “We remain committed to providing the best possible price for Florida’s growing population, while delivering the reliable power and customer service our customers deserve today, tomorrow and for many years to come.”

Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity. It supplies electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.