Florida Power & Light Seeks Four-Year Rate Hike Proposal

Florida Power & Light (FPL) has proposed a four-year rate hike plan to the Florida Public Service Commission, which would see customer bills gradually increase from 2026 to 2029. The company cites residential growth and the need for diversified energy generation as key reasons for the proposed increase, with an average monthly bill expected to rise from $134.14 to approximately $142.37 by 2026. Despite the hikes, FPL assures customers that their bills will remain below the national average and, when adjusted for inflation, will be about 20% lower than in 2006. FPL's president emphasized the company's commitment to reliable service and smart investments to support Florida's growing energy demands. The proposal is currently undergoing a public review process before a decision is made by state regulators. Customers can use an online bill calculator to estimate the impact of these potential rate changes on their monthly bills.