Duke Energy Florida receives approval to lower rates for a second time this year

Rhea-AI Summary

Duke Energy Florida has received approval to lower rates for the second time this year, with new rates effective in June 2024, resulting in a nearly $6 decrease in a typical residential customer bill. This adds to the over $11 monthly reduction that took effect in January 2024, benefiting both residential and commercial customers. Duke Energy is committed to providing reliable, clean power while passing on savings to its customers.

Positive

• Approval to lower rates for the second time this year

• New rates effective in June 2024

• Almost $6 decrease in a typical residential customer bill

• Additional savings on top of the $11 monthly reduction from January 2024

• Commitment to providing reliable, clean power to customers

Negative

• None.

• New rates effective in June 2024; a typical residential customer bill will decrease by almost $6 per month
• Savings adds to more than $11 monthly reduction that went into effect in January 2024

ST. PETERSBURG, Fla., May 7, 2024 /PRNewswire/ -- Duke Energy's Florida customers will see lower electric bills following the Florida Public Service Commission's approval of the company's request to reduce fuel charges on customer bills.

As of result, a typical residential 1,000-kWh monthly customer bill will be reduced by $5.90, or almost 4%, with the new rates taking effect beginning in June 2024.

The savings are in addition to the $11.29 monthly decrease, or about 6%, that went into effect in January.

Similarly, typical commercial and industrial customers will see a bill decrease between 3.5% and 7.0%, varying based on factors such as industry type and differences in customer use patterns.

"Today's approvals are great news for Florida customers, especially as we get closer to our warmest months," said Melissa Seixas, Duke Energy Florida state president. "Duke Energy continues to look for ways to pass on savings to our customers while providing the reliable, increasingly clean power our customers and communities expect."

Additionally, Duke Energy also offers several easy-to-use energy efficiency programs and tools like usage alerts and pick your own due date to help Florida customers take more control over their energy use and bills.

To learn more about these programs, visit duke-energy.com/SeasonalBills or call the Customer Care number listed on your energy bill.

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: Audrey Stasko
Media line: 800.559.3853

 

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SOURCE Duke Energy

FAQ

When will the new rates be effective for Duke Energy Florida customers?

The new rates will be effective in June 2024 for Duke Energy Florida customers.

How much will a typical residential customer bill decrease by with the new rates?

A typical residential customer bill will decrease by almost $6 with the new rates.

How much was the monthly reduction in customer bills that went into effect in January 2024?

The monthly reduction in customer bills that went into effect in January 2024 was over $11.

What does Duke Energy Florida offer to help customers control their energy use and bills?

Duke Energy Florida offers energy efficiency programs, tools like usage alerts, and the option to pick your own due date to help customers take control over their energy use and bills.