Florida

Florida Power & Light customers are facing a significant, historic rate increase approved by state regulators in late 2025, which will add to monthly bills starting in 2026, with further increases projected through 2029. The increases fund grid upgrades and new plants but have drawn criticism for burdening residents while reducing costs for large businesses. This is part of a multi-year plan, following previous hikes, to modernize infrastructure for Florida's growth and weather resilience, although critics argue it strains affordability. 

Duke Energy Florida customers will see a temporary increase in January and February 2026, followed by a large reduction starting in March 2026. This is due to the removal of storm costs, but overall base rate increases planned through 2027 for grid upgrades remain intact. Duke has already secured approval for base rate increases averaging 2% annually from 2025 to 2027, with larger increases in 2025 and smaller ones in 2026 and 2027. Some sources mention further potential hikes of 13–15% for 2027–2028 to fund infrastructure upgrades.