Duke Energy Florida is set to reduce consumer energy bills by more than 3% in 2020.
The energy provider to approximately 1.8 million Floridian customers has filed a proposal with the Public Service Commission to reduce its tariffs, expand its portfolio of solar resources as well as modernise its grid infrastructure.
If approved, typical residential customers using 1,000kWh will see a decrease of $4.69 cents in their monthly bill beginning January 2020.
Commercial and industrial customers will see a decrease between 3% and 9%, however, the specific bill impact will vary depending on several factors.
The aim is to improve customer services, prepare for future utility business models as well as improve the resiliency and security of its grid system.
Rates for 2020 will reflect the new Lake Placid and Trenton Solar Power Plants, grid improvements, grid reliability investments, and DEF’s annual fuel, capacity, energy conservation and environmental compliance clause financials.
The utility’s 45MW Lake Placid Solar Power Plant will generate clean energy enough to power more than 12,000 homes at peak production, as from December 2019.
The 74.9MW Trenton Power Plant will also power more than 23,000 homes at peak production.
The two renewable energy projects are part of the utility’s plan to add 700MWs of cost-effective solar in Florida through 2022.
Catherine Stempien, Duke Energy Florida state president, said: “We know how important affordable energy is to our customers’ daily lives.
“We are proud to provide electricity at rates lower than the national average, while also making investments to increase the amount of energy we get from renewable sources, to enhance the security