Summary
Florida Power & Light (FPL) received approval to increase electric bills over the next four years. This change is expected to cover costs like infrastructure improvements and solar projects. Some consumer groups oppose the rate hike and may take legal action.
Key Facts
- Florida Power & Light (FPL) is a large electric utility serving about 12 million people.
- The plan includes rate increases of $945 million in 2026 and $705 million in 2027.
- Additional charges will be collected in 2028 and 2029 for solar and battery projects.
- Starting January 1, 2026, the average bill for using 1,000 kilowatt-hours will go up by $2.50 per month.
- The increase aims to fund infrastructure and address higher costs for components and labor.
- The state Public Service Commission approved the rate increase.
- Consumer groups and the state Office of Public Counsel are challenging the decision and may take the issue to the Florida Supreme Court.
