Florida Power and Light wants to raise our bills, again. Tell the Florida Public Service Commission that bills are high enough and that they should reject FPL’s request!
America’s largest utility Florida Power and Light is yet again poised to seek more rate hikes on Florida customers – their third since 2021.
This time, the monopoly utility plans to increase rates by almost $10 billion, the largest rate hike request in United States history. If the Florida Public Service Commission approves FPL’s request, you could pay at least $200 more annually for electricity by 2027– and potentially hundreds more.
If you agree that the Florida Public Service Commission should reject this request, tell them!
Utilities dig into our pockets enough, taking money away from families working hard to provide for their loved ones.
FPL currently gets one of the highest returns on equity in the country at over 10%. That means Florida families are paying big to put money in the pockets of shareholders. It wants to increase that to 11.9%. FPL’s executives are making record salaries while Floridians cut back on A/C in the dead of summer to afford their bills.
Florida Power & Light operates in 43 counties, but held public hearings on its $9 billion rate increase in only 7 of those counties [WIP]
Talking points
Frequent storms and severe weather events in Florida pose risks to critical infrastructure, including power generation facilities. To enhance resilience, it’s important to deploy solar and storage technologies strategically near essential sites such as shelters, schools, businesses, hospitals, and emergency operations centers.
At a time when Floridians are experiencing rising inflation and high costs, we must protect them from utility rate hikes that result in additional financial hardship.
Natural gas fuels more than 70% of Florida’s energy production. The state’s lack of energy diversification puts Floridians in a precarious position, especially as fuel prices increase. Florida can tap into a more affordable and energy secure future by prioritizing multiple sources of energy.
Under the new plan, families could pay hundreds of dollars more each year on their electric bills. In the past five years, FPL customers have already seen bills rise by over $400 annually.
FPL demands an 11.9% return on equity, much higher than the national average of 9.6%, padding corporate profits at customers’ expense.[2]
FPL is proposing the largest rate increase in U.S. history—nearly $10 billion over four years—just as many communities are still recovering from devastating hurricanes.
Over 5 million households across Florida would be forced to pay hundreds more each year if this hike is approved. Families, seniors, and small businesses already struggling with high costs will be pushed even closer to financial crisis.
The PSC plays a huge part in safeguarding the interests of Floridians by ensuring their input is considered in critical energy decisions. Facilitating transparent processes for rate cases, net metering, and other policies means the PSC promotes fairness and accountability.
By advocating for energy efficiency programs and integrating smarter energy solutions, the PSC can promote a future that aims to reduce energy bills and enhance affordability for all Floridians.
The PSC should ensure that net metering remains a viable option for Floridians, allowing families to continue benefiting from energy savings while supporting the growth of innovative solar technologies that boost economic growth and resilience.
The PSC is supposed to ensure safe, reliable, and affordable utility service. Instead, the PSC has repeatedly approved FPL’s rate hikes with minimal oversight. Causing the Florida Supreme Court in 2023 to criticize the PSC for its poor oversight during FPL’s 2021 rate hike approval. In order to protect our communities, this has to stop.
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