Florida Power & Light calls for a massive rate increase in the next 4 years

Juno Beach, Florida – Florida Power & Light customers' invoices will probably continue to increase in the next few years.

FPL has submitted the Florida Public Service Commission (PSC) a four-year interest rate increase for 2026 to 2029.

Back: FPL tries to increase the customer rates

FPL tries to increase customer data

According to FPL, apartment growth and the need to diversify methods of energy generation are two major reasons for the increase. “FPL has added around 275,000 customers since 2021 and expected to add around 335,000 more by the end of 2029,” the proposal said.

The company estimates that current monthly housing costs of $ 134.14 would increase to around $ 142.37 for a customer on the Florida peninsula in 2026.

FPL claims that the bills for installment adjustment are still lower when adjusting tariffs than the national average. They say that adaptation to inflation would still be a typical 1000 kWh apartment bill in January 2026 than in 2006.

This comes after FPL was previously announced A Request for new prices According to the current interest contract in December 2025.

In a statement by the FPL President and CEO Armando Pimentel, he says: “The balanced plan we presented to the PSC would enable FPL to continue to invest intelligent investments in the net and in the resources of the new generation to help our customers and to supply our rapidly growing state.”

The proposal also notes that “the last time has submitted the basic rates in 2021 since FPL have increased by almost 16%, wires and cables by 30%, supply rods by 49% and transformers on average” increased by 101% “.

Customers also see higher bills in 2025 because of a temporary surchargeBecause of the 2024 hurricane season.

The proposal will now go through a public review process before the state supervisory authorities decide on the rate increase.