Duke Energy Florida rates to fall in 2016

Duke Energy Florida customers will see a small drop in what they pay for electricity beginning next year.

The Florida’s Public Service Commission last week set recovery charges which will take effect in January 2016.

Under the new fuel charges, Duke Energy Florida residential customers will see their bills fall  from $121.59 to $114.15 for 1000 kilowatt hours of electricity.

Gulf Power customers will see a cut from nearly 140 dollars to just under 136 dollars for 1000 kilowatt hours of electricity.

Every year the Florida Public Service Commission has to decide how much of the cost each of Florida’s power companies can recovery on fuel and purchased power, capacity, conservation, and environmental requirements. 

Utilities cannot make a profit on fuel charges.

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