How natural gas keeps bills low
Wouldn’t it be great if you could pay five times less for something you need and use every day? In a way, you already do! We’ve been investing in power plants that use U.S.-produced natural gas because it’s more affordable, five times cheaper than oil. When the fuel that powers your electricity is more affordable, it’s better for you because you pay the direct cost of fuel, which is about one-third of your bill.
While natural gas isn’t the only fuel we use, it’s the main one. Since 2006, we’ve nearly doubled our use, slashing dependence on foreign oil while reducing your bill. Electric bills are 13 to 17 percent lower today than they were in 2006. In fact, the typical residential bill was $108.61 in 2006, compared to $94.25 in 2013. Meanwhile, our typical business customer’s bill was $175.75 in 2006, compared to $146.09 in 2013*.
Our new power plants that use natural gas are also 90 percent cleaner than the ones before them, which is good for everyone. It’s all part of our effort to keep your bill low and well below the national average.
Foreign oil use slashed
We never stop looking for ways to become more efficient. By investing in advanced power plants that use U.S.-produced natural gas, we've been able to slash our dependence on foreign oil, lowering fuel costs so you can have the most reliable energy and the lowest electric bill in the state.
In fact, we've dramatically reduced our use of fuel oil by 97 percent since 2001 - 41 million barrels down to just 1 million, and we're not stopping there! Our continuing push toward cleaner and more affordable domestic fuel sources directly benefits you by reducing emissions and helping to keep the cost of electricity well below the national average. Our investments in more efficient fuel and technology have already cut fuel costs by $5.5 billion since 2001 and we've passed those savings on to you. Learn how innovation and efficiency keeps bills low.
*Residential bill comparison is based on FPL’s typical 1,000-kWh residential customer bill, January 2006 vs. January 2013. Business bill comparison is based on FPL’s typical 1,500-kWh GS-1 business customers’ total bills, January 2006 vs. January 2013.