Duke Energy Florida requests to lower rates in 2025

Duke Energy Florida requested to lower rates and decrease customer bills in January 2025 as part of an annual adjustment for the cost of fuel used to generate electricity at the company’s power plants.

The company plans to decrease Florida residential rates by approximately 6%, while making grid improvements to enhance reliability, security and resilience in 2025 and beyond.

Rates for 2025 reflect investments resulting in fewer outages and shorter restoration times, as well as solar investments. It also includes Duke Energy Florida’s annual capacity, energy conservation, storm protection plan and environmental compliance clause costs.

If approved by the Florida Public Service Commission, typical residential customers using 1,000 kilowatt-hours will see a decrease of $9.77, or approximately 6%, on their January 2025 bill when compared to this December. Commercial and industrial customers will see bill decreases ranging from 5.1% to 11.1%. The specific bill impact will vary depending on several factors.

Duke Energy Florida has already reduced rates twice this year with reductions in January and June, official said. Residential customers are paying approximately $17 per 1,000 kWh less today, compared to one year ago.

“Duke Energy is consistently looking for creative ways to reduce rates and provide financial relief to our customers,” said Melissa Seixas, Duke Energy Florida president. “We work to deliver real value, including a stronger, more reliable grid and cleaner energy.”

The 2025 rates also reflect the comprehensive agreement reached between Duke Energy Florida and customer representatives. The agreement advances the clean energy vision for the state, while focusing on ways to assist and pass on savings to customers.

Approval for the company’s 2025 rates is anticipated later this year.