Your Power Bill Is About To Increase Again In April
Your power bill is going to increase again in April. That’s because TECO, Duke Energy and FPL need to increase customers bills to cover fuel and storm costs from 2022. They each filed a request with the Florida Public Service Commission to collect those costs from the restoration efforts after Hurricanes Ian and Nicole.
So, your power bill is going to increase, but by how much? If you are a customer of TECO you already had a rate increase at the end of 2022 and now here is another one. A TECO energy bill will increase by about 10 percent, or $14.66 to $161.38 for 1,000 kilowatt-hours of use from the $146.72 customers pay now.
Duke Energy has an even higher rate increase than TECO. A Duke Energy customer’s energy bill would increase by about 20 percent or $33.49 for 1,000 kilowatt-hours. FPL, which is Florida‘s largest power utility company, and has more than 5 million customers, proposed a plan to increase bills by 10%.
This adjustment would be the second of two steps for TECO after the PSC already granted TECO an 11 percent rate increase at the end of 2022 that went into effect in January 2023. https://t.co/xFQ5Le3HF3— ABC Action News (@abcactionnews) January 23, 2023