March 2027 will bring a seasonal reduction on top of the lower electricity bills Duke Energy Florida customers can expect next year. The utility said households using 1,000 kilowatt-hours monthly will pay $33 less in January 2027 than in January 2026.
Here's what to know
The company used a tax strategy to avoid the base-rate increase slated for 2027. The Florida Public Service Commission approved its proposed rate cuts for that year, according to Duke Energy's announcement published by PR Newswire.
Commercial and industrial customers will see rate decreases ranging from 0.9% to 3.8%, depending on several factors. For households consuming 1,000 kWh a month, bills will drop by approximately $0.95 between December 2026 and January 2027, according to the utility.
Additional relief will arrive in March 2027, when household bills will fall another $10 for every 1,000 kWh consumed, according to Duke Energy. Duke Energy's temporary bill reduction runs from March through November, a period when electricity use is often highest.
More background
Duke Energy Florida supplies electricity to two million customers across residential, commercial, and industrial accounts within a service territory covering 13,000 square miles. With 12,500 megawatts of energy capacity, the utility's pricing and infrastructure decisions affect households and businesses across much of the state.
Its parent company, Charlotte, North Carolina-based Duke Energy, operates electric utilities serving 8.7 million customers across Florida, Indiana, Ohio, Kentucky, and both Carolinas. Together, those utilities own 55,700 megawatts of capacity.
TCD Picks » Quince Spotlight
💡These best-sellers from Quince deliver affordable, sustainable luxury for all
The rate reductions come as the parent company pursues an energy modernization strategy that includes upgrading the electric grid and investing in efficient generation resources. The work is intended to strengthen the system while meeting growing energy needs.
What's being done?
Infrastructure improvements aimed at fewer outages and quicker post-storm restoration remain part of Duke Energy Florida's plans. The utility also said it would continue adding cost-effective renewable generation while lowering bills.
"In addition to lowering rates in 2027, we'll continue working to strengthen our system and further improve the reliability we know our customers count on to live their lives, raise their families and run their businesses every day," said Melissa Seixas, Duke Energy Florida state president.
For customers seeking help managing electricity costs, the utility also offers no-cost energy assessments for homes and businesses, financial assistance programs, and flexible payment plans. Customers can find information about those options at duke-energy.com/Savings or duke-energy.com/HereToHelp.
Where can I learn more?
Duke Energy's planned cuts come as Floridians grapple with high electricity bills.
• Duke Energy Florida customers could see bills drop 71 cents after a rate-hike reversal.
• Florida is weighing whether Duke's data-center tariff could leave households covering added costs.
• One Florida resident's power bill dropped, but $396.72 was still 'not great'.
• A Florida retiree lives by candlelight as electricity bills rank among the nation's highest.
• Florida regulators blocked Tampa Electric's proposed move, which critics called a shareholder 'money grab'.
Get TCD's free newsletters for easy tips, smart advice, and a chance to earn $5,000 toward home upgrades. To see more stories like this one, change your Google preferences here.
