Duke Energy Florida has announced a significant reduction in electricity bills for 2026, with residential customers using 1,000 kilowatt-hours (kWh) expected to see their monthly bills decrease by about $44 starting in March. The company stated that this adjustment comes as part of its annual rate review.
Melissa Seixas, president of Duke Energy in Florida, said, “Duke Energy Florida understands that our customers face economic challenges, which often force them to make difficult decisions about which bills they can afford to pay. That’s 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 new rates include annual fuel costs, capacity charges, energy conservation measures, storm protection plans, and environmental compliance expenses. According to the company, Duke Energy Florida does not profit from increases in fuel costs and works to shield customers from price fluctuations as outlined in a three-year agreement reached with customer advocacy groups in 2024.
The rates for 2026 reflect investments aimed at strengthening grid reliability and expanding solar power. These efforts are intended to reduce outages, speed up restoration after storms, and lower fuel costs. Approval from the Florida Public Service Commission is expected later this year.
For January and February 2026, typical residential customers consuming 1,000 kWh will see an increase of about $7.54 compared to December 2025 bills; however, overall bills are projected to decrease beginning in March 2026. Commercial and industrial customers may experience bill increases between 4.3% and 8.2% during this period depending on various factors.
In March 2026, residential customers using 1,000 kWh are expected to see their bills drop by approximately $44.16 compared to February 2026 levels. Commercial and industrial users could expect reductions between 9.6% and 15.8%. This change is largely due to the removal of the storm cost recovery charge associated with Duke Energy Florida’s response efforts following hurricanes Debby, Helene, and Milton.
Electricity rates may still fluctuate throughout the year based on fuel prices or storm-related expenses.
Duke Energy Florida continues offering support through flexible payment plans as well as programs such as free home energy checks (in-person or remote), rebates for efficiency improvements made after an energy checkup is completed first; weatherization programs for income-qualified households; the EnergyWise Home program providing annual bill credits for reducing consumption during peak demand periods; time-of-use pricing options; budget billing plans for predictable monthly payments regardless of usage or weather changes; and the Share the Light Fund that helps eligible households pay electric bills or connection fees via participating agencies.
More information about these assistance resources can be found at duke-energy.com/HereToHelp or duke-energy.com/SeasonalSavings.
Duke Energy Florida serves around two million residential, commercial and industrial customers across a service area covering roughly 13,000 square miles in Florida with approximately 12,300 megawatts of owned generating capacity.
Parent company Duke Energy operates out of Charlotte, North Carolina, supplying electricity services across six states—including North Carolina, South Carolina, Indiana, Ohio, Kentucky—and natural gas service in five states including Tennessee. The company reports serving around 8.4 million electric utility customers with collective generation capacity totaling 54,800 megawatts. Its natural gas utilities serve about 1.7 million consumers.
The corporation says it is investing heavily in modernizing its grid infrastructure while expanding cleaner energy sources such as renewables,nuclear power, natural gas,renewable projects and battery storage solutions.
Contact information for further inquiries includes Aly Raschid (24 hours: 800-559-3853) or X: @DE_AlyRaschid.
