Florida Power & Light to cut fuel charges, reducing overall rates

For the second month running, Florida Power & Light Company (FPL) will reduce customer rates, thanks to approved cuts to fuel charges.

While there are variations between typical customers in peninsular vs. northwest Florida, all should, as a result, see bills $14 lower in May than they were in March. At this point, that means the average 1,000 kW hour residential bill in northwest Florida will be the lowest in nearly five years. In addition to this month’s fuel cost reduction, this followed an April rate decrease of nearly $7 for average residential bills thanks to the conclusion of a temporary cost recovery surcharge related to past hurricanes.

“We remain committed to providing reliable energy and keeping customer bills as low as possible,” Armando Pimentel, FPL president and CEO, said. “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.”

This month’s reduction in fuel charges was approved unanimously by state regulators at the Florida Public Service Commission (PSC). It reflects lower prices of natural gas used at some FPL power plants.

Individual bills will, however, vary based on customers’ energy usage. Bills tend to increase in warmer months, with expanded use of air conditioning.