Duke Energy Florida implements third rate reduction to lower residential customer bills by approximately 25% in 2026
Duke Energy Florida is implementing its third rate reduction of 2026, lowering residential bills by approximately $50 (25%) per 1,000 kWh from June through September. The reduction is driven by a regulatory true-up of storm costs, where the company collected $1 billion but only incurred $915 million, with the difference flowing back to customers.
Key figures
- Total customers
- 8.7 million
- Florida customers
- 2 million
- Energy capacity mw
- 12500
- Storm cost actual incurred
- $915 million
- Residential bill decrease pct
- 25%
- Storm cost recovery collected
- $1 billion
- Natural gas plant fuel savings
- $340 million
- Solar site displaced fuel savings
- $1 billion
- Ira tax credits passed to customers
- $65 million
- Residential bill decrease per 1000kwh
- $50
AI analysis
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