- If approved, a 1,000 kWh residential customer bill will
decrease by $9.77
ST.
PETERSBURG, Fla., Sept. 5,
2024 /PRNewswire/ -- 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 (kWh) will see a
decrease of $9.77, or approximately
6%, 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%. 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
2024. 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
state 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 increases reliability and 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.
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 Twitter,
LinkedIn, Instagram and Facebook, and
visit illumination for stories about the people and
innovations powering our energy transition.
Media contact: Ana Gibbs
Media line: 800.559.3853
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SOURCE Duke Energy