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Posted on 08/07/2025 9:07:31 AM PDT by george76
Florida Power and Light will face considerable opposition next week when it goes before a typically utility-friendly Florida Public Service Commission with a request that board members approve what would be the biggest rate hike in Florida and U.S., history.
...
FPL's rate hike, requested in February, will pull in $1.545 billion in 2026 and tack on an additional $927 million every year thereafter through 2029.
That total additional revenue of $8.9 billion would likely rise if the company gets, as also requested, authority to further increase customer costs when it brings new solar and battery projects online in 2028-29. Estimates bring the total rate increase to about $10 billion.
...
"Even considering another rate increase is a slap in the face
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The request for the rate increase, submitted in February, would reportedly raise rates in Northwest Florida by about $3.50 for residential customers in 2026 and go up each year until customers are paying about $8.39 a month more by 2029.
Outside of Northwest Florida, FPL rates would increase $8.23 monthly in 2026 and go up a total of $17.85 monthly by 2029.
This is expected to represent a 20% increase to the residential monthly minimum base bill from its current level of $25 to $30 monthly. The base rate increase would be on top of other costs passed on to customers, such as fuel surcharge increases, nuclear cost recovery, environmental and energy charges, storm hardening and storm restoration recovery charges.
"People can't afford higher light bills. Prices are already high. You have elderly people now who are not using their air conditioning or are not able to afford food
...
This is a government driven monopoly.. We can't look at them like they're a business competing for profits."
(Excerpt) Read more at yahoo.com ...
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The Florida Hype has run it’s course for this cycle.
Every Generation gets it’s turn.
It ain’t yer Grandpa’s Florida no more.
It’s once again what was conveniently forgotten.
Too hot to live in year round.
Even without the heat, the humidity is unbearable.
Not enough good fresh, inexpensive water.
Not enough inexpensive reliable power.
Real Estate bubbles inflate and pop.
Over run with all kinds of Florida Man/Woman characters.
Jobs in general are sketchy.
Most of the food sucks.
Oh, and ya never really go to the beach anyway cuz it’s overrun with Tourists.
Ya can keep yer Florida Dreams.
“Ya can keep yer Florida Dreams.”
You either live in Florida and post sarcasm OR you have never been to Florida!
I don’t know how it happened but we got lucky.
Central Florida, Tampa Electric. Dropped the monthly fee from .71 a day to .52 a day. They had asked for 1.07 a day.
If I ask why, they mmight say — oops.
For us solar hounds, this monthly fee is the backbone of our costs to be solar.
When we retired in 2014 with the plan of moving to America I floated the idea of retiring to Florida. My wife nixed that idea immediately citing the horrific humidity and all the bugs. Turns out it was a good move, albeit for other reasons. Since then I’ve learned about oppressive HOAs, red light cameras, photo radar and toll roads. We settled on Arizona, which isn’t nearly as bad. But that lasted a year before we hightailed it back home to Alaska.
“Oh, and ya never really go to the beach anyway cuz it’s overrun with Tourists.”
LOL! Clearwater Beach Live Cam proves you wrong!
https://www.myclearwater.com/Visit-the-Beach/Watch-Live-Video-of-Clearwater-Beach
We moved to Florida in the mid-60s and it was a pretty nice place. We left in 2006 and have never regretted leaving for a day
Are they trying to compete with California (and Hawaii) as to which state can have the highest utility rates?
“California consistently ranks among the states with the highest residential electricity rates in the United States, with prices significantly exceeding the national average.”
We are entering our really hot time of year (Gov. Newsom says it’s due to “Climate Change” - not entirely normal high August temps). I have elderly and disabled neighbors who won’t turn on the a/c b/c of huge electricity bills. I have a “high efficiency” unit (got a $1500 rebate from the state) - and my bill is around $400/month during August and Sept. I have neighbors that have $500, $750 and even $1,000 bills for electricity.
We knew this was coming. FPL sucks....
That is ridiculous! I suppose now every other state will raise their rates “because Florida is doing it”. Are we sure that some of this wasn’t because of excess use due to AI facilities?
“When we retired in 2014 with the plan of moving to America I floated the idea of retiring to Florida. My wife nixed that idea immediately citing the horrific humidity and all the bugs. Turns out it was a good move, albeit for other reasons. Since then I’ve learned about oppressive HOAs, red light cameras, photo radar and toll roads. We settled on Arizona, which isn’t nearly as bad. But that lasted a year before we hightailed it back home to Alaska.”
What a load of BS. I once lived in Phoenix. Much worse than Florida.
We moved to Florida, gated community. Bought for $350k, now worth about $700k.
Community run HOA not oppressive. Very few red light cameras. Almost no need to ever use the few toll roads.
“Are they trying to compete with California (and Hawaii) as to which state can have the highest utility rates?”
LOL! No matter how hard we try we could never match Alaska!
I’ve been to Pensacola twice & other than being able to watch the Blue Angels practice & seeing the beautiful beaches, I decided they had nothing I really needed.
Just wait until metered billing is implemented. Need to dry your clothes in the middle of the day? Pay 150% more. People will be doing their laundry at 9:00 p.m. or later to avoid the costs.
Florida is expensive, but this rate increase is totally due to the corporate culture jumping on the solar bandwagon. Ultra expensive, ultra unreliable and stupid if I were an FPL stockholder I’d make a nuisance of myself at the shareholders’ meeting. Unfortunately, I’m only a customer.
“Just wait until metered billing is implemented.”
I remember having metered billing as a small child over 70 years ago.
They should only get the rate increases if they cancel any Solar, Wind and battery projects that have not yet started as of January 1 of this year.
Any projects already started as of January 1 will be scrapped and the company may be reimbursed for those projects minus and salvaged cost for parts resold.
Any projects not yet completed should be evaluated for abandonment
The massive solar farms must be failing...
This is a proposed rate hike. It has not been approved.
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