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FLORIDA - Florida residents and businesses may experience a significant drop in their electric bills starting in March 2026, Duke Energy Florida announced.
The reduction comes as the utility removes the temporary “Storm Cost Recovery” charge, which was implemented following hurricanes Debby, Helene, and Milton.
While the savings are set to arrive in March, Duke Energy warned that bills for January and February 2026 will see modest increases.
Residential customers using 1,000 kilowatt-hours (kWh) of electricity can expect their bills to rise by $7.54 compared to December 2025 rates.
Commercial and industrial accounts will see higher percentage increases, ranging from 4.3% to 8.2% during the same period.
Once the Storm Cost Recovery charge is removed in March, residential customers with typical electricity usage of 1,000 kWh are projected to save approximately $44.16 on their monthly bills.
Businesses can anticipate reductions ranging from 9.6% to 15.8%, Duke Energy reported.
Melissa Seixas, state president of Duke Energy Florida, emphasized the importance of helping customers manage their energy costs.
“Duke Energy Florida understands our customers face financial challenges, often making difficult decisions regarding which bill they can afford to pay,” Seixas told WFLA.
“That’s why keeping costs low remains a priority, and we’ll continue connecting customers with assistance programs and tools to help them save.”
Duke Energy encourages customers to explore available savings programs and energy management resources through its customer support channels.
Residents and business owners can learn more about bill assistance and energy-saving tips by visiting the company’s official website.