Electricity Still a Good Value

Customers will continue to enjoy bills that are among the lowest in the state and nation

• FPL bills are among the lowest in the state and well below the national average today, and we’re working hard to keep them that way by making smart investments. Floridians expect affordable, reliable, clean energy solutions now and in the future, and we have a plan of action to deliver on meeting this expectation.
• We’re investing to make our infrastructure stronger, smarter, cleaner, more efficient and less reliant on any single source of fuel. While these investments in the near term increase base rates, they help to reduce the impact of volatile fuel prices over the longer term, which in turn keeps customer bills lower over the long term as well.
• According to the most recent data available from the Florida Municipal Electric Association and Edison Electric Institute, FPL bills are 18 percent lower than the average electric bill in Florida and 17 percent lower than the national average, despite FPL having made investments that make the company one of the cleanest energy generators in the United States.
• FPL’s retail base rates are 17 percent lower now than they were in 1985 – the last time a general base rate increase was sought and granted – despite inflation of 99 percent for the same period.
• In the past 10 years, FPL’s emphasis on operating efficiently has directly benefited customers through base rate decreases in the period, saving customers more than $6 billion. During this period, customer bills have risen roughly with inflation, driven by large increases in the price of fuel. FPL makes no profit from the fuel charge.