Duke Energy Florida has announced that its customers will see a significant reduction in electricity bills starting in March 2026. The company said that residential customers using 1,000 kilowatt-hours (kWh) per month can expect their bills to drop by about $44 compared to February 2026. This change comes as part of the utility’s annual rate adjustment.
Melissa Seixas, president of Duke Energy Florida, stated, “Duke Energy Florida understands that our customers are facing economic difficulties, which often force them to make tough decisions about which bills they can afford to pay. That is why keeping costs low remains a priority for us, and we will continue connecting them with assistance programs and tools to help them save.”
The upcoming adjustments cover annual fuel costs, capacity, energy conservation measures, the storm protection plan, and environmental compliance expenses. Duke Energy Florida does not profit from increases in fuel costs and works to shield customers from price swings according to a three-year agreement reached with customer advocacy groups in 2024.
Rates for 2026 reflect investments aimed at improving grid reliability and expanding solar energy. These efforts are expected to reduce outages, speed up restoration after storms, and lower fuel costs. The Florida Public Service Commission is expected to approve the changes later this year.
From January through February 2026, typical residential bills are projected to increase by around $7.54 compared with December 2025. Commercial and industrial customers may see bill increases between 4.3% and 8.2%, depending on several factors.
However, starting in March 2026, residential customers using 1,000 kWh should see their bills decrease by approximately $44.16 compared with February 2026. Commercial and industrial customers could see reductions between 9.6% and 15.8%. The primary reason for these decreases is the removal of the storm cost recovery charge related to Duke Energy Florida’s response to hurricanes Debby, Helene, and Milton.
Electric rates may still fluctuate during the year based on fuel prices or storm-related costs.
To assist customers further, Duke Energy Florida continues offering flexible payment plans and various support programs such as free home energy assessments (in-person or online), rebates for efficiency upgrades following an assessment, weatherization help for income-eligible households (below twice the federal poverty level), an annual rebate program for reducing usage during peak times, time-of-use pricing plans with lower rates for off-peak consumption periods, budget billing options for predictable monthly payments regardless of seasonal changes or weather impacts, and emergency financial aid through its Share the Light Fund distributed by partner agencies.
More information about these resources is available at duke-energy.com/HereToHelp or duke-energy.com/SeasonalSavings.
Duke Energy Florida serves about two million residential, commercial and industrial customers across a service area covering approximately 13,000 square miles in Florida with a generating capacity of 12,300 megawatts.
Parent company Duke Energy operates one of the largest electric power holding companies in the United States—serving around 8.4 million electricity customers across six states including North Carolina, South Carolina Florida, Indiana Ohio and Kentucky—and provides natural gas service to roughly 1.7 million customers across five states including Tennessee.
Duke Energy says it is focused on modernizing its grid infrastructure while increasing investment in cleaner generation sources like natural gas plants nuclear power, renewables and battery storage. The company also highlights ongoing efforts toward a smarter energy future while maintaining reliability and value for its customers.
For more information visit duke-energy.com or Duke Energy News Center.
“Duke Energy Florida entiende que nuestros clientes se enfrentan a dificultades econĂłmicas, lo que a menudo les obliga a tomar decisiones difĂciles sobre quĂ© facturas pueden permitirse pagar”, afirmĂł Melissa Seixas, presidenta de Duke Energy en el estado de Florida. “Por eso, mantener los costos bajos sigue siendo una prioridad para nosotros, y seguiremos poniĂ©ndolos en contacto con programas de asistencia y herramientas que les ayuden a ahorrar.”
