FPL proposes increasing electric bills 18% by 2025

Florida Power & Light customers will see their monthly electric bills rise by 18% by 2025 under the utility’s proposed four-year rate plan submitted to state utility regulators.

Rate increases generating about $2 billion would be phased in beginning in 2022 and would help fund $29 billion in planned improvements, including expanding natural gas and solar power generation, hardening the company’s distribution grid to reduce outages in storms, and preparing for future customer growth, FPL said in a news release Friday.

According to the company, a typical household now paying $99 for 1,000 kWh a month would pay $117 a month when the rate increases are fully phased in by 2025.

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