Florida Power & Light Company says the typical homeowner’s electric bill will drop nearly $4 beginning in January due to lower operating costs.
“Our long-term investments in state-of-the-art clean energy centers and in zero-emissions solar energy are helping to lower fuel costs and customer bills,” said Eric Silagy, FPL president and CEO, in a news release.
The company announced a major solar expansion at the beginning of this year.
According to FPL, the typical homeowner uses about 1,000 kilowatt hours of electricity per month. Under the current rate a homeowner using that amount of power pays $99.90. Under the new rate that cost will drop to $96.04.
FPL said another reason for the rate reduction was lower natural gas prices.