Duke Energy Florida receives approval to lower customer bills beginning in March 2026

• Residential customers can anticipate an approximately $44 decrease for every 1,000 kilowatt-hours of electricity they use

ST. PETERSBURG, Fla. - Today, the Florida Public Service Commission approved Duke Energy Florida's request to lower customer bills beginning in March 2026, and as a result, residential customers can anticipate an approximately $44 decrease for every 1,000 kilowatt-hours (kWh) of electricity they use when compared to February 2026.

"Having operated in Florida for more than 125 years, we're deeply embedded in the communities we serve, and we understand the challenges our customers - often our neighbors - face in order to provide for themselves and their families," said Melissa Seixas, Duke Energy Florida state president. "We hope this bill reduction helps ease their financial burden, while we continue providing the reliable power they depend on every day."

Commercial and industrial customers can also expect to see lower bills in March 2026, with decreases ranging from 9.6% to 15.8% when compared to February 2026, though the specific impact will vary depending on several factors.

This considerable bill reduction is largely due to the removal of the storm cost recovery charge associated with Duke Energy Florida's response to hurricanes Debby, Helene and Milton at the end of February 2026.

In January and February 2026 (prior to the removal of the storm cost recovery charge), bills will temporarily increase by $7.54 for typical residential customers using 1,000 kWh of electricity, and commercial and industrial customers' bills will increase between 4.3% and 8.2% during those two months, when compared to December 2025.

Duke Energy Florida remains committed to supporting customers with flexible payment plans, tools to help manage energy use and various assistance programs. More information can be found at duke-energy.com/HereToHelp and duke-energy.com/SeasonalSavings.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns 12,300 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Contact: Aly Raschid
24-Hour: 800.559.3853