Duke Energy Florida has announced that residential customers can expect lower electricity bills starting in March 2026. According to the company, customers using 1,000 kilowatt-hours of electricity will see their monthly bill decrease by about $44 compared to February 2026.
“Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” said Melissa Seixas, Duke Energy Florida state president. “That’s why keeping costs low remains a priority for us, and we’ll continue connecting them with assistance programs and tools to help them save.”
The rate adjustment includes updates related to fuel, capacity, energy conservation, storm protection plans, and environmental compliance costs. The changes are part of a three-year agreement reached with customer advocacy groups in 2024. Under this agreement, Duke Energy Florida does not profit from increased fuel costs and works to minimize the impact of price fluctuations on its customers.
For January and February 2026, typical residential bills are expected to rise by about $7.54 compared to December 2025. Commercial and industrial customers will also see increases ranging from 4.3% to 8.2%, depending on various factors.
Beginning in March 2026, after the removal of the Storm Cost Recovery charge—which was associated with responses to hurricanes Debby, Helene, and Milton—residential bills are projected to drop significantly. Commercial and industrial users should see decreases between 9.6% and 15.8% compared to February 2026.
Electric rates may still fluctuate during the year due to changing fuel prices or storm-related expenses.
To support customers facing financial hardship or seeking ways to reduce energy use, Duke Energy Florida offers several programs such as flexible payment plans, free home energy checks (in-person or online), rebates for efficiency upgrades following an energy check, weatherization services for income-qualified households (below 200% of federal poverty guidelines), annual bill credits through the EnergyWise Home Program for reducing usage during peak times, time-of-use rate options for shifting consumption away from high-demand periods, budget billing for predictable monthly payments regardless of seasonal changes in use or weather conditions, and emergency aid through the Share the Light Fund distributed by local agencies.
More information is available at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
Duke Energy Florida supplies power across a service area spanning approximately 13,000 square miles in Florida and serves around two million residential, commercial and industrial customers with a total capacity of about 12,300 megawatts.
Its parent company Duke Energy operates electric utilities serving over eight million customers across six states including North Carolina, South Carolina, Indiana, Ohio and Kentucky; its natural gas division serves an additional 1.7 million people across several states as well. The company continues investing in grid modernization efforts as well as cleaner generation sources like renewables alongside traditional forms such as nuclear power.
Further details can be found at duke-energy.com or via social media platforms X (formerly Twitter), LinkedIn, Instagram and Facebook.
