Business

August 22, 2014

FPL expects to reduce rates in 2015

Florida Power & Light Company announced on Friday that it expects to reduce customer rates in 2015, due largely to savings on fuel costs. The plan is subject to approval by the Florida Public Service Commission.

Florida Power & Light Company announced on Friday that it expects to reduce customer rates in 2015, due largely to savings on fuel costs. The plan is subject to approval by the Florida Public Service Commission.

Based on the company's projections filed Friday, FPL's typical 1,000-kilowatt-hour residential customer bill will decrease nearly $2 a month, from $101.51 to $99.65, beginning in January 2015, FPL said. At the same time, typical business customer bills are expected to decrease roughly 1 percent, depending on rate class and type of service.

FPL said its typical residential bill remains approximately 25 percent lower than the U.S. average and is projected to continue to be the lowest in Florida for a sixth year in a row.

Nancy Dahlberg

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