Duke Energy Florida has announced that residential customers can expect a significant decrease in their electricity bills starting March 2026. The company stated that typical residential customers using 1,000 kilowatt-hours (kWh) of electricity will see their bills drop by about $44 compared to February 2026.
“Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” said Melissa Seixas, Duke Energy Florida state president. “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 adjustment covers annual fuel, capacity, energy conservation, storm protection plan and environmental compliance clause costs. Duke Energy Florida emphasized that it does not profit from increased fuel costs and works to shield customers from price fluctuations as part of a three-year agreement reached with customer advocacy groups in 2024.
For January and February 2026, rates are expected to rise by about $7.54 for typical residential users compared to December 2025. Commercial and industrial customers could see increases between 4.3% and 8.2%, depending on usage patterns.
Starting in March 2026, the removal of the Storm Cost Recovery charge—related to hurricane responses—will lead to the projected bill reductions for both residential and business customers. Commercial and industrial users may experience decreases ranging from 9.6% to 15.8% compared to February 2026.
The company noted that electric rates may still fluctuate during the year due to changes in fuel prices or storm-related expenses.
Duke Energy Florida continues offering support through flexible payment plans and various assistance programs such as free home energy checks, rebates for efficiency upgrades, weatherization programs for income-qualified households, bill credits for reduced usage during peak demand periods, time-of-use rate options, budget billing plans, and emergency funds distributed through local agencies.
More information is available at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
Duke Energy Florida serves two million customers across a large area of the state with over 12,300 megawatts of energy capacity. Its parent company Duke Energy operates across several states serving millions of electric and natural gas customers while investing in grid modernization and cleaner generation sources including renewables.
