Duke Energy Florida forecast a $33 year-over-year decline in January 2027 bills for residential customers using 1,000 kilowatt-hours (kWh) per month and said the commission approved its rate request without identifying an order.
The $33 estimate compares January 2027 with January 2026. For the same monthly residential use, Duke projected a separate decrease of about $0.95 between December 2026 and January 2027. It forecast commercial and industrial bill reductions of 0.9% to 3.8% over that monthly period, with the impact varying based on several factors.
For residential customers, the utility also projected a $10 reduction per 1,000 kWh in March 2027. Duke described the measure as a temporary decrease it applies each year from March through November, but did not specify the comparison month for the $10 estimate.
Duke’s Sept. 3 announcement of its rate request projected a $0.71 residential decrease from December 2026 to January 2027 and commercial and industrial reductions of 0.8% to 3.6%. The Nov. 3 release did not explain the revised estimates. Its September announcement also cited lower fuel costs and a modest increase in planned grid-strengthening investment as factors in the 2027 outlook.
The company tied part of the expected reduction to tax credits from its Powerline Battery Energy Storage System. In July, Duke said it planned to deliver the credits’ value to customers over one year, instead of the standard 15-year period. The utility estimated the strategy would save customers $50 million in 2027 and prevent a 2% base-rate increase scheduled under its 2025-27 rate agreement.
The FPSC notice scheduled an annual hearing on fuel and purchased-power costs to begin Nov. 3. Projected 2027 fuel-adjustment factors were among several issues listed for final action, and Nov. 4-6 were reserved for a possible continuation. The docket lists briefs, if any, as due Nov. 13. The published schedule does not confirm Duke’s statement that the request was approved.
