Duke Energy Florida has announced that residential customers using 1,000 kilowatt-hours (kWh) of electricity can expect a decrease of about $44 in their monthly bills starting March 2026. The reduction follows the company’s annual rate adjustment and is largely attributed to the removal of the storm cost recovery charge, which was linked to Duke Energy Florida’s response to hurricanes Debby, Helene, and Milton.
Melissa Seixas, president of Duke Energy in Florida, stated: “Duke Energy Florida entiende que nuestros clientes se enfrentan a dificultades econĂłmicas, lo que a menudo les obliga a tomar decisiones difĂciles sobre quĂ© facturas pueden permitirse pagar. Por eso, mantener los costos bajos sigue siendo una prioridad para nosotros, y seguiremos poniĂ©ndolos en contacto con programas de asistencia y herramientas que les ayuden a ahorrar.”
The rate adjustment includes annual costs for fuel, capacity, energy conservation programs, storm protection plans, and environmental compliance. Duke Energy Florida emphasized that it does not profit from increased fuel costs and works to shield customers from price fluctuations as outlined in a three-year agreement reached with customer advocacy groups in 2024.
The new rates for 2026 also reflect investments aimed at strengthening grid reliability and expanding solar energy. These efforts are expected to reduce outages and speed up power restoration after storms while lowering fuel costs. Approval from the Florida Public Service Commission is anticipated by the end of this year.
For January and February 2026, typical residential customers will see an increase of about $7.54 compared to December 2025 bills. However, beginning in March 2026, those same customers should see their bills drop by approximately $44.16 compared to February 2026 levels. Commercial and industrial customers will initially face bill increases between 4.3% and 8.2% over December 2025 but can expect reductions ranging from 9.6% to 15.8% starting in March.
Electric rates may continue to fluctuate throughout the year based on fuel prices and storm-related costs.
Duke Energy Florida continues to offer support through flexible payment plans and various assistance programs such as free home energy assessments, rebates for efficiency improvements following an assessment, weatherization assistance for qualifying low-income households, participation incentives for reducing usage during peak demand periods, budget billing options for predictable monthly payments regardless of consumption or weather changes, and emergency aid through its Share the Light Fund distributed by partner agencies.
More information on these programs is available at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
Duke Energy Florida serves two million residential, commercial, and industrial customers across a service area covering 13,000 square miles in Florida with an owned capacity of 12,300 megawatts.
Its parent company Duke Energy (NYSE: DUK), headquartered in Charlotte, North Carolina, supplies electricity to approximately 8.4 million customers across six states with a total owned generation capacity of nearly 54,800 megawatts. It also provides natural gas services to about 1.7 million customers in five states.
Duke Energy reports ongoing investments in grid modernization and cleaner energy sources including natural gas, nuclear power, renewables, solar power, wind power, hydropower, geothermal energy, bioenergy, hydrogen fuel cells, as well as battery storage technology. The company aims to maintain reliability while advancing its clean energy transition.
Further details can be found at duke-energy.com or via Duke Energy’s social media channels.
