Duke Energy Florida has requested approval to lower residential electric rates by 6 percent in January 2025, citing reduced fuel costs.
Duke Energy Florida is seeking approval from the Florida Public Service Commission to lower residential electric rates in January 2025, a move that could result in a 6 percent reduction in customer bills.
If approved, a typical residential customer using 1,000 kilowatt-hours (kWh) per month would see a decrease of $9.77 compared to December 2024. The company, which serves 2 million customers across Florida, cited lower fuel costs as the primary reason for the proposed reduction. This would be the third rate cut in a year, following reductions in January and June of 2024. Since last year, residential customers have seen a total decrease of $17 per 1,000 kWh in their monthly bills.
In addition to the proposed rate cut, Duke Energy Florida is continuing to invest in grid improvements designed to increase reliability and reduce power outages. The company’s 2025 rates will also incorporate ongoing investments in solar energy, energy conservation measures, and storm protection programs.
“Duke Energy is consistently looking for creative ways to reduce rates and provide financial relief to our customers,” said Melissa Seixas, Duke Energy Florida state president. “We work to deliver real value, including a stronger, more reliable grid and cleaner energy.”
Commercial and industrial customers are also expected to benefit from the proposed reductions, with their bill decreases ranging from 5.1 percent to 11.1 percent, depending on usage and other factors.