Florida PSC approves change in FPL’s fuel charge

Posted 4/1/21

On April 1, the Florida Public Service Commission (PSC) approved a fuel factor increase for Florida Power & Light Company (FPL) customers...

To Our Valued Readers –

Visitors to our website will be limited to five stories per month unless they opt to subscribe.

For $5.99, less than 20 cents a day, subscribers will receive unlimited access to SouthCentralFloridaLife.com, including exclusive content from our newsroom.

Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.

Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy.

Please click here to subscribe.

Sincerely,
Katrina Elsken, Editor-in-Chief, Independent Newsmedia

Please log in to continue

Log in
I am anchor

Florida PSC approves change in FPL’s fuel charge

Posted

TALLAHASSEE — On April 1, the Florida Public Service Commission (PSC) approved a fuel factor increase for Florida Power & Light Company (FPL) customers resulting from unexpected natural gas price increases.

“Fuel costs are a major factor in generating electricity, and this year FPL is experiencing higher fuel costs than it originally projected,” said PSC Chairman Gary Clark. “Utilities do not earn a profit on fuel charges, and the PSC will continue to ensure they have done everything possible to keep fuel costs reasonable, while maintaining a reliable fuel supply.”

As a result of today’s approval, FPL customers will see a bill increase beginning in May to reflect its under recovery of fuel costs. A residential customer’s monthly 1,000-kilowatt hour (kWh) bill for May through December 2021 will be $103.02, an increase of $3.97 over the current bill of $99.05.

The fuel and capacity cost component of customers’ bills is set for each calendar year, but mid-course corrections are used when a utility’s costs increase or decrease significantly in the interim. Under Commission rules, a utility must notify the PSC when it expects an under- or over-recovery greater than 10 percent.

Current fuel factors for Florida’s investor-owned utilities were set by the PSC during the November 2020 annual cost recovery clause hearing.

FPL serves nearly 5 million customer accounts in Florida.

For additional information, visit www.floridapsc.com.

Follow the PSC on Twitter, @floridapsc.

fpl, increase

Comments


X