FPL Customers Will See Decrease In January 2024

FPL Customers Will See Decrease In January 2024 for Storm Restoration Cost.Photo byPalm Coast Local

Good news for Palm Coast and Flagler County Citizens! It's not often we get to share information that keeps money in your pocket, but here it is.

Following an assessment of the actual costs associated with restoring power after Hurricanes Ian and Nicole, Florida Power & Light (FPL) has received approval from state regulators to reduce the storm-related charges passed on to customers.

Starting in January 2024, FPL customers will see a decrease in the portion of their bills dedicated to storm restoration costs. This reduction reflects the lower-than-expected expenses incurred by FPL in restoring power following the two hurricanes.

Previously, FPL customers using 1,000 kilowatt-hours of electricity per month were paying an additional $15.30 for storm-related costs. This amount will be reduced to $6.65 in January. That mean instead of paying the huge 15.30 per month, you'll now pay $6.65 a month. That's a nice chuck of cost savings annually.

It's important to note that the revised storm costs are still considered interim, and FPL may need to file a final accounting in the future. This final accounting, known as a "true-up," could result in further adjustments to customer bills.

Storm-related costs are just one component of FPL bills. Other charges include:

• Base rate- You pay no matter how little you use.
• Power-plant fuel costs
• Environmental project costs

For more information about your FPL bill, please visit the FPL website or contact customer service.

What do you think about this savings? Is it fair to consumers? Like, follow and share to continue recieving us in your notifications.

Disclaimer: Palm Coast Local is not an unbiased news platform (boring!). We reach locals with comsumer alerts, information, tips, how to's and mythbusting right from our very own business community and other resources.