- A 1,000 kWh residential customer bill will decrease by
$9.77 beginning in January
- Bills will be impacted by the company's storm cost recovery
later in 2025
ST.
PETERSBURG, Fla., Nov. 5, 2024
/PRNewswire/ -- Today, the Florida Public Service Commission
approved Duke Energy Florida's request 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, as well as other clause
adjustments.
Typical residential customers using 1,000 kilowatt-hours (kWh)
will see a decrease of $9.77 on their
January 2025 bill when compared to
December 2024. Commercial and
industrial customers will see bill decreases ranging from 5.1% to
11.1%, though the specific impact will vary depending on several
factors.
"Duke Energy Florida is thankful for the opportunity to offer
our customers this much-needed break after recent hurricanes
devastated many of their homes, businesses and communities," said
Melissa Seixas, Duke Energy Florida
state president. "While we're still assessing cost of the company's
response to those storms, we want to remind our customers that
we'll always prioritize affordability – even as we work to develop
a smarter, stronger electric grid – and maintain the same high
level of service they expect and deserve."
With this approval, Duke Energy Florida will continue making
electric grid improvements consistent with its storm protection
plan to enhance security, reliability and resiliency in 2025 and
beyond. These rates also include the company's annual fuel,
capacity, energy conservation and environmental compliance clause
costs.
However, it should be noted the company anticipates filing storm
cost recovery for hurricanes Debby, Helene and Milton in
December 2024, which will impact
rates as early as March 2025.
Duke Energy Florida provides financial assistance, including
flexible billing programs and the Share the Light Fund, for
customers in need. To learn more, customers can call the Customer
Care phone number listed on their bills or
visit duke-energy.com/HereToHelp.
Duke Energy Florida
Duke Energy Florida, a subsidiary
of Duke Energy, owns 12,300 megawatts of energy capacity, supplying
electricity to 2 million residential, commercial and industrial
customers across a 13,000-square-mile service area in
Florida.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150
company headquartered in Charlotte,
N.C., is one of America's largest energy holding companies.
The company's electric utilities serve 8.4 million customers
in North Carolina, South Carolina, Florida, Indiana, Ohio
and Kentucky, and collectively own
54,800 megawatts of energy capacity. Its natural gas utilities
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 toward net-zero methane emissions
from its natural gas business by 2030 and net-zero carbon emissions
from electricity generation by 2050. The company is investing in
major electric grid upgrades and cleaner generation, including
expanded energy storage, renewables, natural gas and
nuclear.
More information is available at duke-energy.com and the Duke
Energy News Center. Follow Duke Energy
on X, LinkedIn, Instagram and Facebook, and visit illumination for
stories about the people and innovations powering our energy
transition.
Media contact: Ana Gibbs
24-Hour: 800.559.3853
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SOURCE Duke Energy