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FPL Rate Settlement Reduces Request By Nearly A Third, Keeping Northwest Florida Bills Almost Flat
August 21, 2025
Florida Power & Light Company and 10 key stakeholder groups filed a comprehensive four-year rate settlement agreement with state regulators on Wednesday. The agreement reduces FPL’s original revenue request by nearly one-third.
The agreement, which is subject to Florida Public Service Commission (PSC) approval, cuts FPL’s four-year revenue request by approximately 30%, keeping Northwest Florida rates nearly flat for a couple of years.
“This settlement agreement is a win for all FPL customers and a win for Florida. It supports our ongoing commitment to meet the resiliency and reliability needs of our fast-growing state, while keeping customer bills well below the national average. We expect the typical 1,000-kWh Northwest Florida residential customer bill will remain relatively flat for the next two years. Even with the proposed increase, FPL customers would be paying lower bills next year than they were 20 years prior, when adjusted for inflation,” FPL President and CEO Armando Pimentel said.
The settlement significantly scales back FPL’s initial rate request:
- 2026: Base rate revenue request reduced by 39%, from $1.545 billion to $945 million
- 2027: Base rate revenue request reduced by 17%, from $927 million to $766 million
- Total savings: Base rate revenues about $2.9 billion less than originally requested over the four-year period
Beginning in 2027, FPL customers in NorthWest Florida will pay the same rates as the remainder of the state.
*Pending PSC approval of estimated solar and battery projects in January 2027, bill will move to $143.25.*
Comments
16 Responses to “FPL Rate Settlement Reduces Request By Nearly A Third, Keeping Northwest Florida Bills Almost Flat”
Every person in comments are totally unhappy about this company and the monopoly they present !! These people are the biggest ripoff predators in the state of Florida !! And everyone knows this !!! We the people together we can curb this madness !!! Apart we have no chance !! We the people must stand up rise above all this over expense!! No reason for a power bill ti be this ridiculously high !!!! Not fair not right and wrong completely!!!!
My latest FPL bill was $49.00 higher than August of 2024. I retain ALL of my bills for years in order to campare rate increases. FPL energy and fuel charges are a great deal higher than the former Gulf Power bills. The temperatures within August of 2024 were nearly identical to August of 2025 (as I keep extensive records of this also) and yet, my bills continue to rise. We are being trained to keep our AC thermostat higher in the summer and use less electricity IMHO.
Funny when we had Gulf Power; even in August my electric bills were never this much
Our bill has literally doubled and when comparing to last year and the years before using the same amount or even less KW we are paying so much more now then we did with Gulf Power. Absolutely rediculous
FPL is a monopoly. Over 50 million dollars for one family every year is too much. I can go fire up an electric company in Florida do to EPA laws. So it’s a monopoly at this point.
I hate FPL as much as thr next person, but for those complaints about bills being 2 or 3x higher lately… it’s called summer. Your ac runs nonstop during August, so of course your bill is higher. It’s simple math. Do what the rest of us do, conserve electricity now so you dont have to complaint later.
It’s as silly as saying the amount you spent on gas tripled, when you drove 3x more miles than normal. Of course it’s higher.
Said no one ……EVER
“FPL is so much better than Gulf Power and they take such great care of their customers.”
Well, at least Florida does allow net metering, which means if you have solar panels you can sell power back to FPL for the full retail price.
In Alabama all we get is a paltry .04 per kWh so it’s not worth it here.
My light bill has tripled last two months. Single mom , 2 kids and my bill $600 n this month another $900. Crazyyy can’t get help.
FPL at it again. FPL increased the base rate they charge on the February 2025 billing by $.05 /month. Talk about nickel & dimeing you to death. Didn’t see a notice on that either. FPL has over 6 million customers & at $.05 per customer thats an additional income they make beside being the largest utilities in the US. Armando Pimentel, CEO of FPL makes over $10 million in compensation of which $1million is in salary. It’s all for the stockholders too. Where is the stability in this?
Of course they want to increase it just because they can. Of course, they didn’t get their first request. They knew exactly how much they could get away with increasing. That’s why they went in with a high number, then agreed when it was lowered to the number they actually wanted. That’s the way big companies work.
Pretty talk but NO transparency. Spinning the facts don’t fool us older people. We know when your hand is in our pocket! Time for a new Public Service Commission.
If the original reasoning to raise rates was due to so much new growth in housing and having to provide services then why can’t the contractors be charged a fee that would be added to the total cost of building the structure.
Most houses, apartments, condos etc. aren’t usually sold to a customer beforehand.
The problem is the Public Service Commission. They are appointed by the governor and not voted on by the people. Their jobs are safe. They love to oppress the taxpayers. I’m sure FPL will compensate them for a favorable vote.
This is sick. This is a drop in the bucket when some have doubled since FPL took over. We need a new Public Service Commissioner..
The spokespeople always say, “well below the national average”. It is one of their favorite talking points. They always fail to mention median household income for Florida is 10% lower than the National average and 17% for NW FL.
So what improvements have been made since the last rate increase???
Serious question, since the power still goes out on the regular everytime we have a thunderstorm.
On the positive side, if you are a FPL (nexra energy)stock holder, stock dividend checks have been amazing.