Florida Power & Light Company (FPL) submitted a comprehensive four-year request to the Florida Public Service Commission (PSC) to establish new rates. This plan, covering 2026 through 2029, will take effect once its current base rate agreement concludes at the end of 2025.
The proposal aims to ensure FPL can continue delivering reliable electricity, provide excellent customer service, and diversify its generation resources to reduce fuel costs. FPL projects that, even with the proposed rate adjustment, residential customer bills would remain well below the national average and those of many other Florida utilities.
FPL estimates that a typical 1,000-kWh residential customer bill in January 2026 would be approximately $142.37 for Peninsular Florida and $147.10 for Northwest Florida. The company expects to add about 335,000 more customers through 2029, necessitating significant new generating capacity and distribution infrastructure to meet demand.
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