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If approved, a residential customer’s bill for 1,000 kWh will decrease by $9.77.
ST. PETERSBURG, Fla. – Duke Energy Florida has requested lower rates and lower customer bills in January 2025 as part of an annual adjustment to the cost of fuel used to generate electricity at the company’s power plants.
The company plans to reduce Florida residential rates by approximately 6% while making grid improvements to increase reliability, security and resilience in 2025 and beyond.
The 2025 rates reflect investments to reduce power outages and restoration times, as well as investments in solar energy. They also include 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 (kWh) would see a reduction of $9.77, or about 6%, on their January 2025 bill compared to their December 2024 bill. Commercial and industrial customers would see decreases ranging from 5.1% to 11.1%. The actual bill impact will vary depending on several factors.
Duke Energy Florida has already reduced rates twice this year, in January and June 2024. Residential customers are now paying about $17 less per 1,000 kWh of consumption compared to a year ago.
“Duke Energy is constantly looking for creative ways to reduce rates and provide financial relief to our customers,” said Melissa Seixas, state president of Duke Energy Florida. “We are working to deliver real value, including a stronger, more reliable grid and cleaner energy.”
The 2025 rates also reflect the broad agreement reached between Duke Energy Florida and customer representatives. The agreement increases reliability and advances the clean energy vision for the state, while focusing on ways to assist and pass along savings to customers.
Approval of the company’s tariffs for 2025 is expected by the end of this year.
Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of power capacity and delivers electricity to 2 million residential, commercial and industrial customers in a 13,000-square-mile service area in Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest electric power generation holding companies in the United States. Its utilities provide electricity to approximately 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky and collectively have 54,800 megawatts of owned energy capacity. Its natural gas companies serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.
Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works to achieve its goals of net-zero methane emissions from its natural gas businesses by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in significant grid improvements and cleaner generation, including increased energy storage, renewables, natural gas and nuclear power.
More information is available at duke-energy.com y a Duke Energy News Center. Siga a Duke Energy one Twitter, LinkedIn, Instagram y Facebook also visit the site illumination to learn about the stories of the people and innovations driving our energy transition.
Media Contact: Ana Gibbs
Media Phone: 800.559.3853
