Duke Energy seeks to raise customer bills 8.5 percent next year

ST. PETERSBURG — If state regulators approve, Duke Energy Florida customers will see their monthly electric bills jump 8.5 percent next year.

That would raise rates to $128.54 per 1,000 kilowatt hours, the average energy use per home each month.

“Safe, reliable, clean energy is important to all our customers. It’s important to us too,” Harry Sideris, Duke president, said in a release.

The new rates, if approved by the Florida Public Service Commission, would begin in January 2018 and run through December.

Duke — which serves 1.8 million customers and has a regional office in St. Petersburg — already has some of the highest rates in Florida. Tampa Electric, which serves Hillsborough County and parts of Pinellas, Pasco and Polk, currently charges $59.02 per 1,000 kilowatt hours for energy and $26.42 per 1,000 kilowatt hours for fuel.

Duke said the bump is largely due to increased fuel costs.

The bill includes: an additional $7.14 per 1,000 kilowatt hours for this year’s underestimated fuel costs, $1.43 per 1,000 kilowatt hours for purchased power recovery costs, 7 cents for environmental recovery costs and 11 cents for energy efficiency programs recovery costs.

TECO is expected to announce a fuel adjustment filing later today, according to spokesperson Cherie Jacobs, but the timing for its full 2018 rate filing is unclear.

Contact Malena Carollo at or (727) 892-2249. Follow @malenacarollo on Twitter.

Duke Energy seeks to raise customer bills 8.5 percent next year 08/25/17

[Last modified: Friday, August 25, 2017 12:01pm]

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