Duke Energy Florida has announced that residential customers can expect a significant decrease in their electricity bills beginning March 2026. According to the company, those using 1,000 kilowatt-hours (kWh) per month will see their bills drop by approximately $44 compared to February 2026.
Melissa Seixas, Duke Energy Florida state president, addressed customer concerns: “Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” she 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 changes are part of Duke Energy Florida’s annual adjustment process, which includes updates related to fuel costs, capacity, energy conservation efforts, storm protection plans, and environmental compliance. The company emphasized that it does not profit from increased fuel costs and works to shield customers from price volatility. This approach is outlined in a three-year agreement reached with customer advocacy groups in 2024.
Investments aimed at strengthening grid reliability and expanding solar energy are reflected in the rates for 2026. These investments are intended to reduce outages, speed up restoration after storms, and lower fuel expenses.
Approval for the new rates is expected from the Florida Public Service Commission later this year.
In January and February 2026, typical residential customers using 1,000 kWh will see an increase of about $7.54 compared to December 2025. However, starting in March 2026 when the Storm Cost Recovery charge is removed—an expense related to hurricane responses—bills will decrease by roughly $44.16 compared to February.
Commercial and industrial customers should anticipate bill increases between 4.3% and 8.2% at the start of the year compared to December 2025 but will then experience decreases ranging from 9.6% to 15.8% starting in March relative to February figures.
The company noted that electric rates may still fluctuate throughout the year due to changes in fuel prices or storm-related expenses.
To assist customers further, Duke Energy Florida offers various support programs including flexible payment plans; free home energy checks; rebates for efficiency upgrades; weatherization assistance for qualifying income levels; annual bill credits through demand reduction programs; time-of-use rate options; budget billing for predictable monthly payments; and funds distributed by agencies through its Share the Light Fund program.
Duke Energy Florida supplies electricity across a service area covering 13,000 square miles and serves around two million customers statewide.
More information on available assistance can be found at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
