JUNO BEACH, Fla. — Your monthly power cost is going to go up after the new year starts.
In January, customers of Florida Power & Light will see a $10 rise in their power rates; however, this will be somewhat offset by tax savings at the federal level.
When February rolls along, the tax savings will be eliminated, resulting in an additional hike.
Then, in the month of April, FPL is forecasting even another hike in order to recover from the high expenses of fuel and hurricane modifications that occurred during this most recent storm season.
A built-in, four-year agreement that was approved by the Florida Public Service Commission is responsible for some of the rate spikes that have been implemented.
The addition of four solar panels, underground wires, and enhancements to the electricity infrastructure will be paid for in part by other modifications.
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According to a story in the Palm Beach Post, a monthly bill for 1,000-kilowatt hours of electricity will climb from $120.67 in December to $130.23 in January as a result of an increase in the base rate as well as increases to the pass-through fees.
According to a statement made to WPTV’s Jay Cashmere by a spokeswoman for FPL, the “bill will be substantially below the national average.”
According to data provided by the United States Department of Energy, electric bill payers in the state of Florida spend approximately $211 per month on average, which is approximately 22% more than the average electric bill across the country, which is $2,077.
However, residents of Florida have to deal with hefty utility expenses during the warm months.