Duke Energy Florida to lower 2027 rates after regulator approval

The Florida Public Service Commission approved Duke Energy Florida's request to lower rates in 2027. Typical residential customers using 1,000 kWh per month will see a $33 decrease in January 2027 bills versus January 2026. From December 2026 to January 2027, rates fall about $0.95 for that usage, and commercial and industrial rates drop 0.9% to 3.8%. In March 2027, residential customers get an additional $10 decrease per 1,000 kWh under a temporary seasonal reduction. Duke Energy Florida said part of the reduction comes from a tax strategy that avoids a scheduled 2027 base-rate increase. The subsidiary serves 2 million customers and owns 12,500 MW of capacity. Parent Duke Energy (NYSE: DUK) serves 8.7 million electric customers across six states and continues investing in grid upgrades and renewable generation.