Aug 22, 2014
Florida Power & Light Company (FPL) announced that, subject to approval by the Florida Public Service Commission (PSC), it expects to reduce customer rates in 2015.
Based on the company's projections filed, FPL's typical 1,000-kilowatt-hour residential customer bill will decrease nearly $2 a month beginning in January 2015. At the same time, typical business customer bills are expected to decrease roughly 1 percent, depending on rate class and type of service.
"This is terrific news for our customers, particularly now as the cost of other essentials continues to rise," said Eric Silagy, president and CEO of FPL. "Our continued strategy of making smart, long-term investments is paying off for our customers not only with enhanced service reliability and cleaner power, but also lower rates."
Today, FPL's typical 1,000-kWh residential customer bill is already lower than it was five years ago due largely to savings on fuel costs. After the anticipated reduction in January, FPL's typical bill will be about 9 percent lower than it was in 2009.
Also, FPL's typical residential bill remains approximately 25 percent lower than the U.S. average and is projected to continue to be the lowest in Florida for a sixth year in a row.
"Our customers are seeing lower electric rates while we're also delivering them power that's far cleaner," added Silagy. "By investing in efficient, U.S.-produced natural gas and zero-emissions nuclear and solar energy, we have driven down our emissions rates year after year. Today, FPL is one of the cleanest electric utilities in the nation. Our carbon emissions rate is 35 percent cleaner than the U.S. average, and we've reduced our use of foreign oil by 99 percent - all while lowering customers' bills. In particular, the investments we've made since 2001 in converting our old, oil-fired power plants to modern energy centers that run on clean, U.S.-produced natural gas have saved our customers $6.8 billion dollars and counting."
Estimates released today (August 22) reflect FPL's projections for 2015 for the cost of fuel to generate power and other components of a customer's electric bill. As investments in fuel-efficient power plants continue to benefit customers, FPL projects that its fuel charge will remain near its lowest levels in the past decade. In addition, the company expects to save customers on nuclear development, conservation, purchased power and other non-fuel costs compared with 2014.
Click here to read the full press release.
For more information:
Florida Power and Light Co.
700 Universe Blvd
Juno Beach, Florida
United States, 33408-0420
Contact person: Florida Power & Light Co.