Duke Energy Florida has announced that the storm cost recovery charge will be removed from customers’ bills a month earlier than planned. This decision follows the company’s successful recovery of costs associated with its $1.1 billion response to hurricanes Debby, Helene, and Milton. Starting in February, residential customers can expect their monthly bills to decrease by approximately $33 per 1,000 kilowatt-hours (kWh) of electricity used. By March, an additional reduction of about $11 will take effect due to seasonal adjustments made annually by Duke Energy Florida.
Melissa Seixas, Duke Energy Florida’s state president, said, “We understand all of our customers have been affected by the rising costs of living, many may be facing financial challenges, and some are even having to decide which bills they can afford to pay every month.” She emphasized the importance of providing rate relief while maintaining reliable power service.
Commercial and industrial customers will also see reductions in their monthly bills ranging from 9.6% to 15.8%, depending on various factors. Additionally, Duke Energy Florida has implemented efficiency improvements at its natural gas plants and completed three new solar energy sites. These initiatives have saved customers substantial amounts in fuel costs and provided further savings through tax credits from the Inflation Reduction Act.
Duke Energy Florida remains committed to helping customers manage their energy usage and offers flexible payment plans for those in need. The company is a subsidiary of Duke Energy Hq and serves 2 million customers across a 13,000-square-mile area in Florida.
For more information on saving energy and managing bills, visit duke-energy.com/SeasonalSavings.
