- Typical 1,000-kWh residential bill would be more than
$14 lower in May than today.
- Typical 1,000-kWh residential bill in Northwest Florida in May would be the lowest
in nearly five years.
JUNO
BEACH, Fla., March 13,
2024 /PRNewswire/ -- Florida
Power & Light Company customers could see back-to-back
rate decreases after the company today asked state regulators to
approve a reduction beginning in May to reflect lower fuel prices.
Rates are already scheduled to decrease in April.
If the Florida Public Service Commission (PSC) approves FPL's
request, a typical 1,000-kWh residential customer bill would be
more than $14 lower in May than it is
today. Individual bills vary based on customers' energy usage.
Approved April rate decrease: Rates are going down in
April because a temporary surcharge to recover restoration costs
from past hurricanes ends March 31.
That means a typical 1,000-kWh residential customer bill will fall
nearly $7.
Proposed May rate decrease: FPL asked the PSC to
reduce the fuel charge on customer bills to reflect lower projected
prices for natural gas, which is used in FPL's power plants to
generate electricity. If the PSC approves, a typical 1,000-kWh
residential customer bill would fall about $7.70 beginning in May.
A word from FPL President and CEO Armando Pimentel: "We are committed to
providing reliable energy and keeping customer bills as low as
possible. While we are pleased with the possibility of back-to-back
rate reductions, we also encourage customers to take advantage of
tools and tips from our energy experts to help customers reduce
their energy usage and make their bills even lower."
Rates + usage = monthly bill: A customer's monthly bill
is determined by rates approved by the Florida Public Service
Commission and by the amount of electricity the customer uses.
Bills tend to increase in warmer months as customers use more air
conditioning. FPL offers tools and tips to reduce energy
consumption at FPL.com/WaysToSave.
Florida Power & Light
Company
As America's largest electric utility, Florida Power & Light Company serves more
customers and sells more power than any other utility, providing
clean, affordable, reliable electricity to approximately 5.9
million accounts, or more than 12 million people. FPL operates one
of the most fuel efficient and cleanest power generation fleets in
the U.S. and in 2022 won the
ReliabilityOne® National Reliability Award for the seventh time in
the last eight years. The company was also recognized by Escalent
in 2022 as one of the most trusted U.S. electric utilities for the
ninth consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc.
(NYSE: NEE), a clean energy company widely recognized for its
efforts in sustainability, corporate responsibility, ethics and
compliance, and diversity. NextEra Energy is ranked No. 1 in the
electric and gas utilities industry in Fortune's 2023 list of
"World's Most Admired Companies" and recognized on Fortune's 2021
list of companies that "Change the World." NextEra Energy is also
the parent company of NextEra Energy Resources, LLC, which,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun and a world
leader in battery storage. For more information about NextEra
Energy companies, visit these websites: www.NextEraEnergy.com,
www.FPL.com, www.NextEraEnergyResources.com.
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SOURCE Florida Power & Light
Company