St. Petersburg – November 03, 2026 -- Duke Energy Florida customers will pay less for electricity in 2027. The Florida Public Service Commission approved the utility's request to lower rates, and a typical residential customer using 1,000 kilowatt-hours (kWh) a month will see a $33 decrease on the January 2027 bill compared with January 2026.

A tax strategy helps avert a scheduled rate increase

The company says the reduction comes partly from a tax strategy it recently implemented. That strategy avoided a base rate increase that had been scheduled for 2027.

Commercial customers see cuts of 0.9% to 3.8%

From December 2026 to January 2027, residential customers using 1,000 kWh a month will see rates fall by about $0.95. Commercial and industrial customers will see decreases between 0.9% and 3.8%, depending on several factors.

A further $10 reduction arrives in March 2027

In March 2027, residential customers will get an additional $10 decrease per 1,000 kWh. It reflects a temporary reduction the company applies every March through November, when energy use is often highest.

Help programs are available now

Duke Energy Florida offers free home and business energy assessments and flexible payment plans.

The utility says it will keep investing in cost-effective renewable energy and infrastructure upgrades meant to reduce outages and speed restoration after storms. State president Melissa Seixas said the company is committed to delivering "real, tangible value."