AARP Hearing Center
light bulbs1.jpg
AARP Florida is working to protect customers from excessive rate increases. READ MORE below...
En español
Update: Florida Power & Light (FPL) Proposed Settlement – What It Means for You
On August 20, 2025, Florida Power & Light (FPL) and several large business and industry groups announced a proposed settlement agreement in the ongoing FPL rate case.
READ the release
If approved by the Florida Public Service Commission (PSC), this settlement would:
- Increase rates by $945 million in 2026 and $766 million in 2027.
- Allow additional increases in 2028 and 2029 tied to solar and battery storage projects.
- Set FPL’s profit level (Return on Equity) at 10.95%—still higher than the national average of 9.6%.
- Under the proposed settlement, customers using 1,000 kWh per month (common industry standard) will see higher bills, though the national average is closer to 1,200 kWh with the Florida average reaching 1,743 kWh per month, meaning most households will experience a larger increase.
Peninsula customer bills go from the current $134.14 to:
| January 2026 | $137.93 | +$3.79 |
| January 2027 | $143.05 | +$5.12 |
| January 2028 | $146.24 | +$3.19 |
| December 2029 | $148.15 | +$1.91 |
| Total increase | | $14.01 |
Northwest Florida customer bills go from the current $143.60 to:
| January 2026 | $142.66 | - $.94 |
| January 2027 | $143.05 | +$.39 |
| January 2028 | $146.24 | +$3.19 |
| December 2029 | $148.15 | +$1.91 |
| Total increase | | $4.55 |
Why Consumers Should Be Concerned
While FPL calls this agreement a “win for all customers,” the truth is residential customers were left out of these settlement talks. None of the official consumer advocates—including the Office of Public Counsel, whose role is to represent customers—were at the table. Instead, big businesses and corporate interests struck the deal behind closed doors.
This means:
- Every day FPL residential customers are still on the hook for billions in rate hikes.
- Corporate profits remain prioritized over consumer protections.
- Transparency and fairness are at risk, with much of the data and testimony shielded from the public.
What Happens Next
The PSC is expected to hold a public hearing this fall to determine whether the settlement should be approved. AARP Florida strongly urges that residential consumers have their voices heard before any decision is finalized.
AARP Florida’s Position
AARP Florida will continue to:
- Advocate on behalf of residential customers, especially older Floridians on fixed incomes.
- Push for reforms, like Senator Don Gaetz’s legislation, to restore transparency and accountability in utility rate making.
- Fight excessive rate hikes and ensure Floridians aren’t forced to pay more while big businesses get special deals.
Here’s how you can help:
- Stay Informed: Monitor updates about upcoming changes to your bill.
- Spread the Word: Encourage your friends and family to stay informed and get involved.
- Join AARP’s Advocacy Efforts: AARP Florida is working to protect customers from excessive rate increases. The rate case process is an opportunity for you to voice your concerns by submitting public comments to the PSC directly.
Take Action Now!
Let your voice be heard! CONTACT the PSC today!
___________________________________________________________________________________
UPDATE On February 28, 2025, Florida Power & Light (FPL) filed a base-rate increase proposal with the Florida Public Service Commission (PSC) to significantly raise customer bills over the next four years.
More than 12 million Florida residents face the largest electric rate increase in U.S. history, with potentially steep hikes in their utility bills. FPL is proposing an increase that will impact many Floridians, especially seniors on fixed incomes.
FPL is also requesting up to 11.9% allowable profit or Return on Equity (ROE)—far exceeding the national average of 9.5%.
READ THE RELEASE
SEND your comments to the PSC
What Does This Mean for You?
- Residential customer bills can expect the following monthly base rate increases using 1,000 kWh per month
Region 2026 2027 2028 2029 Projected average bill increase in 2029 compared to current rates Peninsular Florida +$8.23 +$5.92 +$1.64 +$2.06 +$17.85 Northwest Florida +$3.50 +$1.19 +$8.39 - 20% increase of the residential monthly minimum base bill from its current level of $25 to $30 monthly for all residential customers. This is an additional increase in the amount customers must pay, even if their individual billing components are less than $30.
- The 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.
AARP Florida is Fighting for You!
These excessive rate hikes unfairly burden households, especially seniors on fixed incomes—while FPL prioritizes corporate profits over affordability. If approved, these increases will drive up utility bills, making it even harder for Floridians to keep up with the rising costs of everyday necessities, like electricity.
Join us in demanding fair utility rates, accountability, and to STOP CORPORATE GREED!
Here’s how you can help:
• Stay Informed: Monitor updates about upcoming changes to your bill.
• Spread the Word: Encourage your friends and family to stay informed and get involved.
• Join AARP’s Advocacy Efforts: AARP Florida is working to protect customers from excessive rate increases. The rate case process is an opportunity for you to voice your concerns at public hearings, through online petitions, or by submitting public comments to the PSC directly.
Stay Informed, Take Action
AARP Florida is advocating for fair and affordable utility rates—but we need your voice! If you're 50+ and impacted by rising FPL bills, share your story to help protect older adults on fixed incomes!
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.