"Millions of electricity customers in President Donald Trump's adopted home state of Florida will see their bills rise, after a regulatory board approved what environmental advocates say is one of the largest utility rate increases in the state's history. The price hike will affect an estimated 12 million Floridians - roughly half the state's population - at a time when voters are citing economic concerns as a top issue, and as Democrats and Republicans brace for a debate over affordability in the intensifying midterm battle to control Congress."
"In a statement, FPL said the rate increase is needed to make "smart, necessary investments in the grid to power Florida's growth," while keeping customers' bills "well below the national average.""
"The new rates will kick in Jan. 1 and run through 2029. According to FPL, the monthly bill for a typical residential customer in most of Florida will go up by $2.50 a month, from about $134.14 to $136.64. Following other rate hikes in recent years, the average FPL customer will pay hundreds of dollars more each year than they did in 2021, when the typical monthly bill was $101.70, according to legal filings in the case."
The Florida Public Service Commission approved a substantial rate increase for Florida Power & Light that will affect an estimated 12 million customers, roughly half of Florida's population. Advocates for the elderly, conservation groups, and the state-appointed ratepayer advocate opposed the increase, calling it disproportionately favorable to corporate interests. FPL said the hike funds grid investments to support growth and keeps bills below the national average. New rates begin Jan. 1 and run through 2029, raising a typical residential monthly bill from about $134.14 to $136.64 and increasing costs compared with 2021 levels.
#florida-power--light #utility-rate-increase #energy-affordability #florida-public-service-commission
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