Florida PSC reviews potential electricity rate hike proposal
BAY COUNTY, Fla. (WMBB) – Most of you can expect another rate increase for electricity.
Florida Power & Light Company submitted a new rate schedule to the Florida Public Service Commission on Friday.
FP&L's current rate agreement is set to expire at the end of this year. This new proposed schedule would cover the 4-year period from January 2026 through December 2029.
If the public service commission approves the proposal, here's how it will affect your bill.
Right now, the average bill for a customer that uses 1,000 kilowatt hours per month is Panhandle $143.60.
Walton County hosting Hazmat Collection Day
In 2026, that rate would go to $147.10
In 2027, the price would jump to $148.29.
It will go up by almost $2 in 2028 and more than $3 a month in 2029.
Former Gulf Power customers in the Panhandle have been paying more than the rest of the state. That would continue in 2026, but in 2027, all customers would begin paying the same rates.
Friday's filing begins an extensive public review process.
The public service commission will schedule hearings and provide other opportunities for customer input before making any decisions.
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