Cheaper fuel leads FPL to lower electric bills

JUNO BEACH -- The Florida Public Service Commission approved lower rates for Florida Power & Light beginning in January, largely based on lower fuel prices and lower fuel consumption.

A typical residential customer will see a decrease of about $2.50 a month on average in 2016 compared with current rates. Businesses will also see a decrease in their bills next year, with anticipated savings of about 2 to 6 percent, depending on the business customer's rate class and type of service.

"Our long-term strategy of advancing clean energy affordably and reliably with smart investments continues to pay off for our customers," said Eric Silagy, president and CEO of FPL. "By phasing out older power plants that run on oil and coal and investing in modern, high-efficiency centers that run on natural gas, solar and nuclear, we're delivering power that is far cleaner and more reliable than the average utility while our customers are paying less for their electricity today than they did nearly a decade ago."

FPL's typical 1,000-kWh residential customer bill is already lower than it was in 2006.

This story was originally published November 4, 2015 at 12:22 PM with the headline "Cheaper fuel leads FPL to lower electric bills ."