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Duke Energy Florida Multiyear Rate Plan Request

How we're building a smarter, more reliable energy future for Florida customers.

As the energy industry continues to evolve, we must anticipate changes driven by population growth, technological advancements and customer expectations.

At Duke Energy Florida, we are taking steps to keep pace with the changes occurring in the Sunshine State to better serve our customers.

Investing in Florida's Future

On April 2, Duke Energy Florida filed a rate case with the Florida Public Service Commission (FPSC) that proposes investments to reduce outages, shorten restoration times, increase efficiency of our power plants, expand solar generation and reduce emissions at a reasonable cost.

Even with the requested base rate increase, the company expects overall customer bills to decrease in 2025. The 2022 fuel under-recovery, storm restoration cost recovery and some legacy purchased power contracts will expire by year-end 2024. The removal of these costs will lower customer bills.

The expected impact of these requested base rate changes will be an average annual increase of approximately 4% of the total bill during 2025 through 2027.

This rate request will help us deliver the smarter, more reliable energy future customers deserve while helping to provide price stability and certainty.

Highlights of the proposed request

  • Continued grid modernization to serve increased population growth through improved reliability, resulting in fewer outages and shorter restoration times.
  • Continued enhancements to existing power plants to increase efficiency, generating future customer savings.
  • Building 14 new solar plants between 2025 and 2027, adding another 1,050 megawatts (MW) of clean energy to Florida’s grid.
  • Continued exploration of innovative clean energy technologies, such as long-duration energy storage and the DeBary Hydrogen project, a clean energy hydrogen production and storage system.

What’s next?

The proposed 2025-2027 rate case filing is subject to the FPSC approval. We encourage the public to share their views and help us address the energy priorities that matter most to Florida customers.

The schedule of public and service hearings will be announced through the FPSC’s website and via customer bill inserts. Timing of the hearings is expected later this year.

We are determined to help ensure all customers have access to a reliable, affordable and more sustainable energy future for this generation and the next.

Graphic showing the timeline of a rate review request.

Learn more

Electronic access to all documents filed in the rate case can be found on the FPSC website:

Additional resources

South Carolina map outlining DEC service area.

Thumbnail view of the DEC SC rate review news release
Read the news release.

Thumbnail image of the DEC SC Fact Sheet
View the fact sheet.

Thumbnail representation of rate case video title card.
View video. 
icon documents

Documents Filed with the
Florida PSC

Information for our rate request under Docket: 20240025 can be found below and on the Florida Public Service Commission’s website.

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