Florida Power & Light plans annual rate hikes of about 2.5% over five years, totaling $1.55B in 2026 and $930M in 2027.

Florida Power & Light (FPL) plans to raise base electric rates by about 2.5% annually from 2025 to 2029, citing growth and system expansion needs, including solar and battery projects. The proposed increases total $1.55 billion in 2026 and $930 million in 2027. FPL serves about 6 million customers and expects the new rates to remain below the national average. The plan will undergo public review before state regulators make a decision.

3 months ago
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