Florida Power & Light Company (FPL) business and residential customers can expect to see a decrease in their monthly electric bills starting January 2016 following the Florida Public Service Commission’s recent approval of FPL’s request to lower electric rates. The decrease is largely the result of the company’s ongoing investments in highly efficient power generation, which continue to reduce fuel consumption, combined with savings from lower fuel prices.
Businesses can anticipate savings of about 2 to 6 percent, depending on the business customer’s rate class and type of service.
Residential customers will also see a decrease of about $2.50 a month on average in 2016 compared with current rates. FPL’s typical 1,000-kWh residential customer bill is already lower now than it was in 2006 – in addition to being the lowest in Florida and one of the lowest in the nation among reporting utilities.
Since 2001, FPL’s investments in clean generation have saved customers more than $8 billion by using less fuel to generate electricity. These efficiency savings are in addition to the savings from recent low market prices for natural gas.
The company’s fleet of efficient power plants has also enabled FPL to achieve a carbon emissions rate that is 35 percent cleaner than the U.S. utility average. In fact, while other utilities around the country are facing potentially higher costs to comply with the U.S. EPA’s Clean Power Plan, FPL is already cleaner than the goal the plan has set for Florida to reach by 2030.
A good energy plan is a good business plan. Customers can identify even more ways to save with FPL’s custom solutions to help businesses manage their electricity expenses.
Visit FPL.com/savingsplan to view your Online Business Energy Dashboard and schedule a free Business Energy Evaluation.