Florida Power & Light Company (FPL) announced today that the Florida Public Service Commission has approved the utility’s request to reduce customer rates thanks to savings on fuel costs. Beginning May 1, 2015, the rate decrease will cut about $3.00 a month off a typical 1,000-kWh residential customer bill.
With this latest rate decrease, FPL’s typical residential bill is approximately 30 percent lower than the latest national average. FPL’s typical bill has been the lowest in Florida for more than five years in a row.
The rate decrease approved today means that, starting in May, FPL’s 1,000-kWh bill will be more than 10 percent lower than it was in 2006, nearly a decade ago.