Duke Energy Florida has announced that residential customers can expect a significant decrease in their electricity bills starting March 2026. The company stated that typical residential customers using 1,000 kilowatt-hours (kWh) of electricity will see their bills drop by about $44 compared to February 2026.
Melissa Seixas, Duke Energy Florida state president, addressed the challenges faced by customers: “Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” she said. “That’s why keeping costs low remains a priority for us, and we’ll continue connecting them with assistance programs and tools to help them save.”
The upcoming rate changes are part of Duke Energy Florida’s annual adjustment process, which covers fuel, capacity, energy conservation, storm protection plan and environmental compliance clause costs. The company noted it does not profit from increased fuel costs and works to protect customers from price fluctuations under a three-year agreement made with customer advocacy groups in 2024.
For January and February 2026, rates are expected to rise by approximately $7.54 for typical residential users compared to December 2025. Commercial and industrial customers may see increases between 4.3% and 8.2%, depending on various factors.
However, beginning in March 2026, the removal of the Storm Cost Recovery charge—linked to hurricane responses—will result in lower bills. Residential customers will see an estimated $44 reduction per month compared to February 2026. Commercial and industrial customers could experience decreases ranging from 9.6% to 15.8%.
Electric rates may still fluctuate during the year due to changing fuel prices or storm-related expenses.
Duke Energy Florida continues offering support through several programs such as flexible payment plans, free home energy checks, rebates for efficiency upgrades after completing a Home Energy Check, weatherization programs for income-qualified households (those earning less than twice the federal poverty guidelines), bill credits through the EnergyWise Home Program for reducing usage during peak demand periods, time-of-use rate options with lower rates outside peak hours, budget billing for predictable monthly payments regardless of usage or weather changes, and the Share the Light Fund which helps cover electric bills and related charges via participating agencies.
More information on these assistance programs is available at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.
Duke Energy Florida serves two million customers across a service area covering about 13,000 square miles in Florida with an energy capacity of over 12,000 megawatts.
Its parent company Duke Energy operates electric utilities serving more than eight million customers across six states in the U.S., owns nearly 55 gigawatts of energy capacity nationwide—including renewables—and provides natural gas services to another 1.7 million people across five states.
Further details about Duke Energy’s operations can be found at duke-energy.com and its news center online.
