Duke Energy Florida says residential customers will see significantly lower electric bills in 2026, with a typical household using 1,000 kilowatt-hours (kWh) per month expected to save approximately $50 per month compared with January 2026 bills.
The utility announced its third bill reduction of 2026, bringing the total decrease for a typical residential customer to approximately 25% this year.
According to Duke Energy, the savings result from multiple bill reductions implemented throughout the year. The largest decrease occurred when a temporary storm-recovery surcharge tied to Hurricanes Debby, Helene, and Milton was removed from customers’ bills. That change lowered bills by approximately $33 per month beginning in February.
An additional reduction of about $11 per month took effect in March as part of a previously approved seasonal rate adjustment. Duke’s latest announcement adds another reduction of approximately $6 per month beginning in June, bringing the total estimated monthly savings to about $50 for a typical residential customer using 1,000 kWh.
While customer bills are declining from recent levels, the reductions are not due to lower base electric rates.
The temporary storm recovery surcharge was approved by the Florida Public Service Commission to allow Duke Energy Florida to recover approximately $1.1 billion in hurricane restoration costs associated with Hurricanes Debby, Helene, and Milton. The surcharge was originally scheduled to remain on customer bills through February 2026 before being removed.
Duke Energy’s latest reduction is tied to lower fuel and purchased power costs, which are passed through to customers under Florida’s regulatory system.
At the same time, Duke Energy Florida continues to operate under a previously approved multi-year settlement that increased the company’s base rates by approximately $203 million in 2025 and by an additional $59 million in 2026.
For customers, the distinction is important. Monthly electric bills are lower in 2026, but much of the reduction stems from the expiration of temporary hurricane recovery charges and lower fuel costs rather than a reduction in the utility’s permanent base rates.
Duke Energy Florida serves approximately 2 million customers across the state.