Duke Energy Florida files to lower customer rates starting January 2027

Duke Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), said its customers can expect lower rates beginning in January 2027 compared with December 2026, following a request the company filed on September 3, 2026 with the Florida Public Service Commission (FPSC).

Typical residential customers using 1,000 kilowatt-hours of energy per month should see a $0.71 decrease on their bills from December 2026 to January 2027. Commercial and industrial customers' bill reductions will range between 0.8% and 3.6% over the same period, though the impact will vary depending on several factors.

The company said some costs, like fuel, are decreasing, while others, such as investments to strengthen the grid, are increasing slightly in 2027. A 2% increase in the base rate — set by the FPSC in 2024 — is being avoided because of a tax strategy the company recently implemented to accelerate the delivery of $50 million in customer savings next year.

Duke Energy Florida owns 12,500 megawatts of energy capacity and supplies electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida. Parent company Duke Energy serves 8.7 million electric customers across six states.