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AARP AARP States Florida Advocacy

Duke Energy Wants To Raise Your Rates!

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UPDATED: June 20, 2024

What’s new?

Duke Energy is seeking approval for an $820 million increase from the Florida Public Service Commission (PSC). This rate hike will burden households already struggling with rising costs. Your household expenses are at stake, and we need you to take action and fight back.

What it means for you?

Residential customer bills can expect the following monthly base rate increases using 1,000 kWh per month (excludes billing adjustments and sales taxes) beginning January 1st of each year:

  • 2025: increase of $16.48 ($100.39 from $83.91) per month compared to 2024, or 19.6%. 
  • 2026: increase of $2.73 ($103.12 from $100.39) per month compared to 2025, or 2.71%. 
  • 2027: increase of $4.93 ($108.05 from $103.12) per month compared to 2026, or 4.7%. 

The base rate increase proposal includes an $2.56 increase to the monthly residential fixed customer charge per household, in addition to the $30 per month residential minimum bill, which is unrelated to electric usage: 

  • 2025: Increase of $1.97 ($14.86 from $12.89) or a 15.3% increase. 
  • 2026: Increase of $0.27 ($15.13 from $14.86) or a 1.8% increase. 
  • 2027: Increase of $.32 ($15.45 from $15.13) or a 2.1% increase. 

The base rate case does not consider other costs passed on to customers such fuel surcharge increases, nuclear cost recovery, environmental and energy charges, storm hardening and storm restoration recovery charges. The base rate increase is on top of all of these.  

What you can do…


Sign Our Petition!


Send a Public Comment to the Public Service Commission


Older Floridians are already paying record high prescription drug and housing costs, tacking on a higher power bill will only add stress to their pocketbooks. Help us stand up to Duke Energy and get amped up to keep rates down! We cannot do it without you.


In The News

Across Florida, residents fear impact of higher Duke, Tampa Electric rates, Tampa Bay Times, 20 June 2024

Floridians urge FPSC to reject Duke Energy rate increase, Spectrum News 9, June 13, 2024

Here's how Duke, Tampa Electric customers can weigh in on rate hike requests, Tampa Bay Times, June 3, 2024

Duke, Tampa Electric reveal how much Florida electric bills may change in 2025, Tampa Bay Times, April 2, 2024

About AARP Florida
Contact information and more from your state office. Learn what we are doing to champion social change and help you live your best life.