Duke Energy Florida has announced that residential customers can expect a significant decrease in their electricity bills beginning in March 2026. The company stated that customers using 1,000 kilowatt-hours (kWh) per month will see their bills drop by about $44 compared to February 2026.
Melissa Seixas, Duke Energy Florida state president, addressed the financial pressures faced by customers. “Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” Seixas said. “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 rate adjustment includes changes related to fuel, capacity, energy conservation, storm protection plans, and environmental compliance clause costs. The company noted it does not profit from increased fuel expenses and works to minimize the impact of price fluctuations on customers as part of a three-year agreement reached with customer advocacy groups in 2024.
According to Duke Energy Florida, the new rates reflect investments aimed at strengthening grid reliability and expanding solar energy resources. These efforts are intended to reduce outages, speed up power restoration after storms, and lower fuel costs. Approval from the Florida Public Service Commission is expected later this year.
For January and February 2026, typical residential customers may see an increase of about $7.54 compared to December 2025 bills. However, starting in March 2026, the removal of the Storm Cost Recovery charge—related to responses for hurricanes Debby, Helene and Milton—will lead to the projected decrease.
Commercial and industrial customers will also experience changes: while their bills are expected to rise between 4.3% and 8.2% early in the year compared to December 2025 levels, they should see decreases ranging from 9.6% to 15.8% beginning in March when compared with February figures.
Duke Energy Florida cautioned that electric rates may still fluctuate throughout the year due to factors such as changing fuel prices or storm-related costs.
The company continues offering various support options for its customers including flexible payment plans and several assistance programs like Home Energy Check evaluations; rebates for efficiency upgrades; weatherization support for income-qualified households; annual bill credits through participation in demand-reduction programs; time-of-use rate options; budget billing for predictable monthly payments; and emergency aid through its Share the Light Fund.
More information on these programs is available at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
Duke Energy Florida serves two million residential, commercial and industrial customers across a service area covering approximately 13,000 square miles in Florida with an energy capacity of about 12,300 megawatts.
Its parent company Duke Energy operates electric utilities serving more than eight million customers across six states and owns nearly 55 gigawatts of generation capacity nationwide.
