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PSC Approves FPL Rate Decrease Beginning With July Bills
June 14, 2023
Florida Power & Light customers could soon see a rate reduction on their electric bills due to lower than expected natural gas costs.
Tuesday, the Florida Public Service Commission approved an additional $359 million reduction to FPL’s 2023 fuel costs.
A reduction of approximately $256 million will be applied to customer bills from July to December 2023. The remaining $103 million reduction will be applied to FPL’s 2024 fuel cost recovery factors.
Beginning in July, an FPL residential customer bill in Northwest Florida for a typical 1,000 kWh usage will decrease $3.95 from $158.86 to $154.91.
“We are committed to keeping bills as low as possible for our customers,” Armando Pimentel, president and CEO of FPL, said. “With fuel prices moderating, we are pleased to pass along additional savings to our customers. We also encourage our customers to use FPL’s free tools to save energy and make their bills even lower.”
Utilities do not earn a profit on fuel charges. The fuel and capacity cost component of customers’ bills is set for each calendar year, but mid-course corrections are used when a utility’s costs increase or decrease significantly in the interim.
Comments
6 Responses to “PSC Approves FPL Rate Decrease Beginning With July Bills”
@SHO-NUFF
…no.
Coal is significantly worse than solar in almost every measurable way: it’s worse for the environment, worse for the health of people living near the mining/production sites, and more expensive per kWh.
Oh boy! Can’t wait to get my bill now…said no one ever!
Rates increase significantly when you exceed the 1000 KW/HR monthly cap.
40 years ago that was an average use, before we had more gadgets that consume more energy.
And what difference does it make anyway how much power you consume.
When I fill my truck up with gas, if I buy 10 gallons or 30 gallons the price per gallon is the same. It should be the same purchasing electricity.
FP&L should of stayed on coal, it was a fixed cost other than the delivery charge to get it to the generating facility.
Natural gas, or Methane is plentiful in our area. A by-product of oil production, most is flared off and not captured for use.
How can we have a volatile market, with so called price swings passed on th the customer, when we produce more natural gas than we need just up the road.
Ride through south Alabama just North of Santa Rosa county at night and look at the night sky lit up with flare stacks burning of Methane as a waste product.
Add all the solar farms FP&L have built, and our rates contine to increase.
If it walks like a duck,,,
Can’t get excited….big deal.
For a family of 4 that’s .98 cents back in each persons pocket once a month. Spend it wisely grasshopper.
be still my heart–give me gulf power and some control over my bill!! during peak hours I didn’t use the washer-dryer other unnecessary things-during low usage times I took advantage of low rates—now you pay WHATEVER when usage is low and they make a fortune SHAME ON THEM