Duke Energy Florida cuts 2027 bills by $33 for average home

The Florida Public Service Commission approved a rate adjustment that will lower electricity costs for Duke Energy Florida customers starting in January 2027. For a typical household consuming 1,000 kilowatt-hours per month, the monthly bill is expected to drop by $33 compared to January 2026 levels.

The utility attributed the cost savings to a specific tax strategy that enabled it to avoid a base rate increase previously scheduled for 2027. This adjustment takes effect immediately at the start of the new year, providing an immediate relief for budget planning. The company stated that this move delivers tangible value to customers relying on essential energy services.

Residential rates will also see a smaller decline of about 95 cents per 1,000 kilowatt-hours from December 2026 to January 2027. Further reductions are planned for the spring. In March 2027, residential customers are scheduled to receive an additional $10 reduction for every 1,000 kilowatt-hours used.

Duke Energy Florida applies this temporary $10 reduction each year from March through November. This period typically coincides with lower energy demand. Commercial and industrial customers will see percentage-based reductions ranging from 0.9% to 3.8%, depending on their specific rate tier and usage volume.

Melissa Seixas, the state president for Duke Energy Florida, confirmed the company's commitment to cost-effective operations. She noted that the utility plans to invest in renewable energy and infrastructure upgrades designed to reduce outages and speed restoration after storms. The company is also offering free energy assessments and flexible payment plans to assist customers.