JUNO
BEACH, Fla., May 19, 2023
/PRNewswire/ -- On the heels of a rate decrease that began this
month, Florida Power & Light
Company today proposed a $256 million
rate reduction with the Florida Public Service Commission to take
effect in July.
"This is more positive news for our customers," said
Armando Pimentel, president and CEO
of FPL. "We know that every dollar counts for our customers, and we
are pleased to propose another rate reduction. At the same time, we
continue to encourage our customers to use FPL's tips and free
tools to help save energy and money."
Today's FPL proposal calls for reducing the fuel portion of
customer bills by $256 million
starting in July, reflecting continued downward revisions in
projected natural gas costs for 2023 after last year's high
levels.
If approved, FPL bills would remain well below the national
average and the typical 1,000-kWh residential customer bill in
Northwest Florida would be lower
in July than it was last year. Business customer bills would
decrease by 2% to 5%, depending on rate class.
FPL Typical
1,000-kWh residential customer bill
|
FPL
|
|
FPL
Northwest
|
April
|
May
|
July (proposed)
|
|
April
|
May
|
July (proposed)
|
$144.38
|
$139.95
|
$136.00
|
|
$163.30
|
$158.86
|
$154.91
|
The PSC approves a fuel charge on customer bills based on FPL's
projection of how much it will spend on fuel for its generating
plants. FPL does not earn a profit on fuel and works hard to
operate its power plants as fuel-efficiently as possible.
Since FPL projected its 2023 fuel expenditures last year,
natural gas prices have declined. FPL has already made downward
adjustments, which took effect in April and May, totaling nearly
$1.4 billion in its 2023 fuel
charges. If the July decrease is approved, it would be the third
reduction in the fuel portion of FPL bills in 2023.
FPL offers energy-saving tips to customers
Even with
the latest proposed rate reduction, individual bills could increase
as customers use more air conditioning during the summer months.
FPL is encouraging customers to take steps now to lower their bills
by monitoring energy use and making their homes more energy
efficient.
For example, customers can:
- Cool their home at 78° or higher; each degree customers
increase the temperature on their thermostats can reduce bills by
up to 5% a month for cooling costs
- Clean the lint filter in their dryer before each load to
minimize drying time
- Turn off ceiling fans and lights in unoccupied rooms
- View daily, weekly and monthly energy use by using the FPL
Mobile App, which is available on the Apple App store, Google Play
or by texting "App" to MyFPL (69375)
- Activate the free FPL Energy Manager tool to monitor how your
home is using energy and identify ways to save
- Visit FPL.com/waystosave for more helpful tips
Florida Power & Light
Company
As America's largest electric utility, Florida Power & Light Company serves more
customers and sells more power than any other utility, providing
clean, affordable, reliable electricity to approximately 5.8
million accounts, or more than 12 million people. FPL operates one
of the cleanest power generation fleets in the U.S and in
2022 won the
ReliabilityOne® National Reliability Award for the
seventh time in the last eight years. The company was also
recognized in 2022 as one of the most trusted U.S. electric
utilities by Escalent for the ninth consecutive year. FPL is a
subsidiary of Juno Beach,
Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean
energy company widely recognized for its efforts in sustainability,
corporate responsibility, ethics and compliance, and
diversity. NextEra Energy is ranked No. 1 in the electric and gas
utilities industry in Fortune's 2023 list of "World's Most Admired
Companies" and recognized on Fortune's 2021 list of companies that
"Change the World." NextEra Energy is also the parent company of
NextEra Energy Resources, LLC, which, together with its affiliated
entities, is the world's largest generator of renewable energy from
the wind and sun and a world leader in battery storage. For more
information about NextEra Energy companies, visit these websites:
www.NextEraEnergy.com, www.FPL.com,
www.NextEraEnergyResources.com.
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SOURCE Florida Power & Light
Company