Delivering clean, reliable energy that’s also affordable is no accident. We’ve proved smart investments pay off for customers.
As part of the FPL family, we’re delivering increased reliability and cleaner, lower-cost energy for Northwest Florida.
Serving you today comes with a duty to ensure we’re ready for tomorrow. Our four-year rate plan aims to deliver you value by making smart investments to make our system more efficient and resilient, and help drive down fuel and other costs on your bill.
Our plan will enable us to continue delivering clean, reliable and affordable electricity by investing in critical infrastructure that serves more than half of Florida. Building a more resilient and sustainable energy future that everyone can depend on — including future generations — is essential given our rapidly growing state is on the front lines of climate change and strong,?frequent severe weather.?Get the Facts?|?(En Espa?ol)
FPL’s current base rate settlement agreement concludes at the end of this year. FPL previously extended operations under the rate agreement by freezing base rates for an additional year through 2021. As a result, we are beginning the customary process of setting new rates for the period of 2022-2025.
Our proposed four-year base rate plan will be thoroughly reviewed by the Florida Public Service Commission (PSC). While the price of other goods and services often fluctuate with little to no notice, adjusting electricity prices in Florida — up or down — is done with the rigorous oversight of the PSC. That’s because our state’s electricity market is highly regulated. Typically, the rate setting process takes about a year to complete