How much will your electric bill go up if FPL raises rates across state? Take a look

Florida Power & Light wants to raise basic rates in Florida by nearly $9 billion over four years.

But what would that mean for your monthly electric bill?

MORE: Florida Power & Light seeks a $9B rate hike. It may be largest request in U.S. history

Here’s a look:

Why does FPL want to raise rates?

Florida Power & Light President and CEO Armando Pimentel said the rate hike request “would enable FPL to continue to make smart investments in the grid and in new generation resources to benefit our customers and to power our fast-growing state.”

How much would a customer’s bill increase?

▪ The typical residential customer would pay about $12 more a month in 2026 for a base rate. That would keep rising each year for four years.

▪ In 2027, the monthly increase would be about $19, adding up to hundreds more a year.

▪ Friday’s filings did not include monthly estimates for bills in 2028 and 2029.

▪ These increases don’t include other parts of power bills that could also fluctuate, such as the way Florida Power & Light customers are paying a fee of about $12 per month on this year’s bills for costs associated with 2024 hurricanes.

What happens next?

FPL’s request is one step in what will likely be a yearlong process to be evaluated by regulators in the Public Service Commission.