Florida Power & Light Co. has announced that the Florida Public Service Commission has approved the utility's request to reduce customer rates thanks to savings on fuel costs. Beginning May 1, 2015, the rate decrease will cut about $3.00 a month off a typical 1,000-kWh residential customer bill.
With this latest rate decrease, FPL's typical residential bill is approximately 30 percent lower than the latest national average. FPL's typical bill has been the lowest in Florida for more than five years in a row.
"This is another example of our successful strategy of investing in affordable clean energy technology and the benefits that it delivers to all of our customers each and every day," said Eric Silagy, president and CEO of FPL. "Our customers are paying less for their electricity than they were all the way back in 2006, and our system gets cleaner every day. We're proud to say that not only are we 30 percent cheaper than the national average, but our carbon emissions rate is also 35 percent cleaner."
The rate decrease approved today means that, starting in May, FPL's 1,000-kWh bill will be more than 10 percent lower than it was in 2006, nearly a decade ago.
Individual electric bills vary depending on electricity usage. FPL residential customers can calculate their estimated savings by entering their monthly electricity usage into the online calculator at FPL.com/lowerbills.
FPL's Typical 1,000-kWh Residential Customer Monthly Bill
Note: Bill totals include the state's standard gross receipts tax but do not include any local taxes or fees that vary by municipality.
FPL business customers will also see a rate reduction – with typical business customer bills decreasing in the range of approximately 3 to 6 percent compared with current rates, depending on rate class and type of service.
FPL has been aggressively phasing out older, less-efficient fossil fuel plants since 2001 and replacing them with high-efficiency natural gas energy centers that use one-third less fuel per megawatt-hour. To date, these investments have prevented more than 85 million tons of carbon emissions – the U.S. Environmental Protection Agency-equivalent of removing more than 16 million cars from the road annually – and saved FPL customers more than $7.5 billion on fuel costs.
FPL.com's advanced energy tools can help customers save even more
FPL's Online Home Energy Survey can help customers reduce their bills further with personalized energy-savings plans, tips and recommendations. The survey is integrated with a customer's individual FPL Energy Dashboard – which is updated automatically with hourly, daily and monthly energy usage data, monthly bill amounts, local temperature readings and more – so tracking and managing energy costs is easier than ever.