Duke Energy Florida has announced that its residential customers can expect a significant decrease in their electricity bills starting March 2026. The company stated that typical residential customers using 1,000 kilowatt-hours (kWh) of electricity will see their bills drop by about $44 compared to February 2026.
“Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” said Melissa Seixas, Duke Energy Florida state president. “That’s why keeping costs low remains a priority for us, and we’ll continue connecting them with assistance programs and tools to help them save.”
The upcoming adjustment covers annual changes in fuel, capacity, energy conservation, storm protection plan and environmental compliance clause costs. The company noted it does not profit from increased fuel costs and works to limit customer exposure to price swings as outlined in a three-year agreement reached with customer advocacy groups in 2024.
Rates for 2026 reflect investments aimed at improving grid reliability and expanding solar energy. These measures are expected to reduce outages, speed up restoration after storms and lower fuel costs. Approval from the Florida Public Service Commission is expected later this year.
In the first two months of 2026, rates are projected to rise by approximately $7.54 for typical residential users when compared to December 2025. However, starting in March 2026, the removal of the Storm Cost Recovery charge—previously added after hurricanes Debby, Helene and Milton—will result in the substantial rate reduction for both residential and commercial customers.
Commercial and industrial customers will initially see bill increases between 4.3% and 8.2% compared to December 2025 but should expect decreases ranging from 9.6% to 15.8% beginning in March.
The company reminded customers that electric rates may still fluctuate throughout the year based on fuel prices and storm-related expenses.
Duke Energy Florida continues to offer support through various assistance programs such as flexible payment plans, free home energy checks, rebates for efficiency upgrades following an assessment, weatherization programs for qualifying households, annual bill credits for reducing usage during high demand periods, time-of-use rate options, budget billing plans for predictable payments regardless of usage or weather changes and funds distributed by partner agencies through the Share the Light Fund.
More details about these resources can be found at https://www.duke-energy.com/HereToHelp and https://www.duke-energy.com/SeasonalSavings.
Duke Energy Florida supplies electricity across a service area spanning 13,000 square miles in Florida and serves about two million customers with a total capacity of 12,300 megawatts.
Parent company Duke Energy is headquartered in Charlotte, North Carolina. It is among the largest energy holding companies in the U.S., serving more than eight million electric utility customers across six states while also providing natural gas service to over one million people across five states. Duke Energy continues investing in grid modernization projects and cleaner generation sources including renewables as part of its broader energy transition strategy.
Further information is available at https://www.duke-energy.com/ or via social media platforms including X (formerly Twitter), LinkedIn, Instagram and Facebook.
