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FLORIDA - Florida Power & Light customers will see changes to their electric bills after the Florida Public Service Commission approved a four-year rate structure that will take effect beginning January 1st, 2026.
The plan represents the largest rate increase in the company’s history and outlines base-rate adjustments through 2029.
According to FPL, the approved agreement includes a base-rate increase of $945,000,000 in 2026 and an additional increase of $705,000,000 in 2027.
The utility states that these adjustments are intended to support expansion projects and system improvements needed to serve Florida’s growing population.
For most residential customers across the state, FPL estimates that the typical monthly bill will rise from $134.14 to $136.64 in 2026.
This increase of $2.50 per month amounts to approximately $30 more per year.
The utility notes that the rate impact varies by region.
Customers in Northwest Florida are expected to see a slight decrease in their electric bills next year.
FPL projects that monthly residential bills in that area will fall from $143.60 to $141.36 in 2026 due to ongoing regional adjustments following the integration of former Gulf Power territory.
FPL President and CEO Armando Pimentel said the approval allows the company to invest in smart grid technology and infrastructure upgrades to maintain reliable service.
Florida Power & Light serves about 12 million residents across 43 of the state's 67 counties, making it the largest electric utility in the United States.