Duke Energy Wants To Raise Your Rates!
UPDATED: May 21, 2024
What’s new?
Duke Energy is seeking approval for an $820 million increase from the Florida Public Service Commission (PSC). This rate hike will burden households already struggling with rising costs. Your household expenses are at stake, and we need you to take action and fight back.
What it means for you?
Residential customer bills can expect the following monthly base rate increases using 1,000 kWh per month (excludes billing adjustments and sales taxes) beginning January 1st of each year:
- 2025: increase of $16.48 ($100.39 from $83.91) per month compared to 2024, or 19.6%.
- 2026: increase of $2.73 ($103.12 from $100.39) per month compared to 2025, or 2.71%.
- 2027: increase of $4.93 ($108.05 from $103.12) per month compared to 2026, or 4.7%.
The base rate increase proposal includes an $2.56 increase to the monthly residential fixed customer charge per household, in addition to the $30 per month residential minimum bill, which is unrelated to electric usage:
- 2025: Increase of $1.97 ($14.86 from $12.89) or a 15.3% increase.
- 2026: Increase of $0.27 ($15.13 from $14.86) or a 1.8% increase.
- 2027: Increase of $.32 ($15.45 from $15.13) or a 2.1% increase.
The base rate case does not consider other costs passed on to customers such fuel surcharge increases, nuclear cost recovery, environmental and energy charges, storm hardening and storm restoration recovery charges. The base rate increase is on top of all of these.
What you can do…
Sign Our Petition!
Send a Public Comment to the Public Service Commission
Attend a Public Hearing
Attend and speak at a public hearing. This is your chance to voice your concerns directly to the Public Service Commission (PSC).
Duke Hearing Date and Location:
Virtual/In-Person
- June 18, 2024, at 6 p.m.
Betty Easley Conference Center
Room 148
4075 Esplanade Way Tallahassee, FL 32399
Customers may register to speak at the service hearings in one of the following ways:
- Register using the PSC’s online registration form, which will be available at www.FloridaPSC.com, under the “Hot Topics” heading
- Online registration will open on May 24, 2024, at 9 a.m., and close on June 14, 2024, at noon.
- Call the PSC at 850.413.7080
- Email speakersignup@psc.state.fl.us
- Register when you arrive at the venue
One day prior to the hearing, customers participating virtually will be provided further instructions on how to participate.Please note, that the order in which customers speak is based upon the order in which they sign up. If you have questions about the sign-up process, please call 850.413.7080.
Older Floridians are already paying record high prescription drug and housing costs, tacking on a higher power bill will only add stress to their pocketbooks. Help us stand up to Duke Energy and get amped up to keep rates down! We cannot do it without you.
In The News
Here's how Duke, Tampa Electric customers can weigh in on rate hike requests, Tampa Bay Times, June 3, 2024
Floridians urge FPSC to reject Duke Energy rate increase, Spectrum News 9, June 13, 2024
