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FLORIDA

Florida power companies want to raise electric bills up


to 20% by April

TECO, FPL and Duke Energy are working to recover costs from what the
companies say are unpredictable gas prices and storm restoration efforts.

Author: Andrea Chu


Published: 6:39 PM EST January 24, 2023
Updated: 6:39 PM EST January 24, 2023

TAMPA, Fla. — Floridians could be hit with higher electric bills as soon as April as
power companies work to make up costs from last year's hurricanes.

https://www.wtsp.com/amp/article/news/regional/florida/florida-…-energy-teco-fpl/67-57f843fb-ac0c-42a4-89e7-af230ce9ed7d 8/2/23, 6:46 PM


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Three of the state's largest power companies — Tampa Electric (TECO), Florida Power
& Light (FPL) and Duke Energy — filed rate increases with the Florida Public Service
Commission on Monday.

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According to the companies, storm restoration costs from hurricanes Ian and Nicole
and unpredictable natural gas prices are to blame.

If the proposed plans are approved, TECO and FPL customers' electric bills will
increase by about 10% or around $14 per 1,000 kilowatt-hours. So, if you currently pay
$146.72 per month, you'll pay around $161.38 per month by April 2023.

Duke Energy customers' electric bills would see a 20% monthly increase or $33.49 per
1,000 kilowatt-hours. Increases would be even higher for commercial and industrial
customers.

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Read More

https://www.wtsp.com/amp/article/news/regional/florida/florida-…-energy-teco-fpl/67-57f843fb-ac0c-42a4-89e7-af230ce9ed7d 8/2/23, 6:46 PM


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