Is Your Utility Bill Going Up?

If you’re a Florida Power & Light (FPL) customer, you may need to brace yourself—a significant rate hike could be coming your way. FPL, Florida’s largest public utility company, is proposing a 14% rate increase, which could add $20 or more to your monthly bill starting in January 2026.

Why Is FPL Raising Rates?

FPL states that this increase is necessary to keep up with Florida’s growing energy demand. With the state’s rapid population boom—275,000 new customers since 2021 and an estimated 335,000 more by 2029—FPL says it must invest in new power generation, including solar energy expansion and infrastructure upgrades.

Is This Justified or Corporate Greed?

Consumer and environmental advocacy groups are pushing back, calling the proposed increase “egregious.” Many are questioning whether this hike is truly for necessary improvements or if it’s simply another way for FPL to boost corporate profits at the expense of Florida residents.

The Hidden Costs You’re Already Paying

If that wasn’t enough, FPL customers are still paying a temporary storm surcharge due to damage from hurricanes Idalia and Debby. This added $12 per month to the average residential bill starting in January 2024, and it could remain in place through the end of the year.

One of the Largest Increases in U.S. History

If this proposed rate hike gets approved, it would be one of the largest in U.S. history. With rising costs of living already impacting many Floridians, this increase could put additional financial strain on households and businesses alike.

How to See the Impact on Your Bill

If you’re wondering how this rate increase could affect you personally, FPL has a calculator tool where you can input your usage and get an estimate of your new bill. It’s worth checking out to see how much more you could be paying if this proposal goes through.

What’s Next?

The decision is now in the hands of state regulators, and public hearings are expected soon. Until then, it’s important to stay informed and engaged in the conversation.

What Do You Think?

Do you believe this rate hike is necessary to support Florida’s growth, or do you think it’s too much for residents to handle? Let us know your thoughts in the comments below, and be sure to stay tuned for more updates on this important issue.

Need Expert Real Estate Advice in Florida?

If you’re thinking about buying or selling a home, having a real estate expert who understands the market is essential. I’m Ryan Tesnow, a dedicated realtor with Coldwell Banker in New Smyrna Beach. Whether you’re looking for your dream home or trying to get the best price for your property, I’m here to guide you every step of the way.

📩 Contact Me Today! 📞 Call/Text: (254) 206-5020