TALLAHASSEE, Fla. (WTXL) — Customers of electric utility companies in Florida will soon see a break on their bill.
On Tuesday, the Florida Public Service Commission approved accelerated bill reductions for customers to assist with the economic effects of COVID-19.
“With electric utilities experiencing lower fuel costs, it is the right time to accelerate these savings as bill reductions to help customers experiencing financial hardships as a result of COVID-19,” said PSC Chairman Gary Clark. “Together, we are navigating this unprecedented time, and I am pleased with all of Florida’s investor-owned utilities’ actions to assist customers and ensure reliable service continues.”
As a result of the approval, customers of Florida Power & Light Company (FPL), Duke Energy Florida, LLC (DEF), and Gulf Power Company (Gulf) will receive a one-time bill reduction in May to reflect over recovery of fuel and capacity cost recovery factors.
Officials say the four utilities requested PSC approval to reduce customer rates mainly to reflect lower projected natural gas prices.
The approved adjustments will lower a monthly 1,000-kilowatt hour (kWh) residential bill as follows:
- FPL: A 1,000 kWh residential bill for May will be $73.36, a decrease of $23.07.
- DEF: A 1,000 kWh residential bill for May will be $102.90, a decrease of $26.84.
- Gulf: A 1,000 kWh residential bill for May will be $84.04, a decrease of $56.39.
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