The Florida Public Service Commission has approved Duke Energy’s request to reduce rates and lower customer bills starting in January 2025.

This rate reduction is part of Duke Energy’s annual fuel cost adjustment for electricity generation and other clause adjustments. According to Duke Energy, residential customers using 1,000 kilowatt-hours per month will see a $9.77 decrease in their January bill compared to December 2024. Commercial and industrial customers will also benefit, with reductions ranging from 5.11% to 11.1%, depending on specific usage factors.

“We’re grateful to provide this relief to our customers, especially as they continue to recover from recent hurricanes that affected their homes, businesses, and communities,” said Melissa Seixas, Duke Energy Florida State President.

Duke Energy plans to continue grid improvements aligned with its storm protection strategy to enhance security, reliability, and resiliency in 2025.

“As we assess the costs of our storm response, we remain committed to keeping rates affordable while we work toward a smarter, stronger grid and maintain the high-level service our customers expect,” Seixas added.

The rates also reflect costs related to energy conservation, environmental compliance, fuel, and capacity.

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(Image credit: Florida Politics)