Florida Power & Light Company Receives Approval from State Regulators to Reduce Rates for Second Consecutive Month

typical 1,000-kWh residential customer bill will be more than $14 lower in May

Florida Power & Light Company customers will see a second consecutive month of rate decreases after state regulators today unanimously approved the company’s request to reduce fuel charges on bills beginning in May.

BREVARD COUNTY, FLORIDA – Florida Power & Light Company customers will see a second consecutive month of rate decreases after state regulators today unanimously approved the company’s request to reduce fuel charges on bills beginning in May.

As a result of today’s vote by the Florida Public Service Commission (PSC), a typical 1,000-kWh residential customer bill will be more than $14 lower in May than it was in March. Individual bills vary based on customers’ energy usage.

April rate decrease: FPL customers began seeing lower rates this month because a temporary surcharge to recover restoration costs from past hurricanes ended March 31. That reduced a typical 1,000-kWh residential customer bill by nearly $7.

Approved May rate decrease: The PSC approved FPL’s request to reduce the fuel charge on customer bills to reflect lower prices for natural gas used at some FPL power plants to generate electricity. That means a typical 1,000-kWh residential customer bill will fall about $7.70 beginning in May.

A word from FPL President and CEO Armando Pimentel: “We remain committed to providing reliable energy and keeping customer bills as low as possible. Back-to-back rate reductions are good news for customers. As ever, but especially as the days get warmer, we encourage customers to make their bills even lower by taking advantage of tools and tips from our energy experts to help reduce energy usage.”

Rates + usage = monthly bill: A customer’s monthly bill is determined by rates approved by the Florida Public Service Commission and by the amount of electricity the customer uses. Bills tend to increase in warmer months as customers use more air conditioning. FPL offers tools and tips to reduce energy consumption at FPL.com/WaysToSave.

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