Duke Energy Florida announced on May 29 that it will implement its third rate reduction of 2026 between June and September, lowering residential customer bills by approximately $50, or about 25 percent, per 1,000 kilowatt-hours compared to January.
The company detailed the reductions as follows: In February 2026, there was a decrease of about $33 due to the early elimination of storm cost recovery charges related to hurricanes Debby, Helene, and Milton. In March 2026, an additional $11 reduction was applied annually from March through November to help customers save during higher energy usage periods. The upcoming June reduction will be approximately $6, reflecting the difference between collected storm recovery charges and actual costs incurred by the company; this adjustment will remain in effect until September.
Melissa Seixas, president of Duke Energy Florida, said: “We know that right now it seems like every bill is more expensive—from housing and groceries to electricity—and that can be a burden for families. We also understand that our customers rely on us to provide safe and reliable energy day after day at the lowest possible price. Our latest rate reduction—the third this year—underscores our commitment to do our part to ease that burden while delivering positive results with real and tangible impacts on their wallets and lives.”
The Florida Public Service Commission recently approved an adjustment reflecting the difference between storm recovery funds collected (about $1 billion) and actual costs incurred after the 2024 hurricane season (about $915 million). This adjustment will be passed on as a fuel rate decrease from June through September. For typical residential customers using 1,000 kWh per month, this change combined with previously approved solar plant cost recoveries amounts to a net monthly bill reduction of about $6 compared with March–May levels. Commercial and industrial customers are also expected to see reductions ranging from 3.3 percent to 7.4 percent depending on several factors.
Additional savings measures include improved efficiency at natural gas plants resulting in $340 million in fuel cost savings for customers—equivalent to roughly $10 off monthly bills—and completion of four new solar facilities projected to save another $1 billion in fuel costs over time. Customers are also receiving at least $2.50 per month per 1,000 kWh from tax credits under the Inflation Reduction Act as more solar facilities come online.
Duke Energy Florida continues offering practical ways for customers to manage their bills, such as flexible payment plans. The company serves two million electric accounts across a service area covering thirteen thousand square miles.
