Continued investments to reliably serve a growing state

Our plan supports investments in critical infrastructure and technology so we can continue delivering reliable electricity, further diversify our energy mix and keep customer bills as low as possible.

Reliable

Critical infrastructure and technology investments

Diversified

Diversified power to protect your bill from fuel price spikes

Economic

Smart investments to keep bills as low as possible

Building on a proven track record

Horizon on Solar Power plant

Staying ahead of the curve

Our operating efficiency saves the typical 1,000-kWh residential customer $24 a month. We know the bill you pay is important, which is why we work tirelessly to tighten our own belt.

Get the facts

General Questions

Why is FPL proposing a new base rate plan?

FPL’s current four-year rate agreement concludes at the end of 2025. The process of setting new base rates typically takes about a year, which is why we are starting the customary rate-setting process now.

FPL provides a critical service to 6 million customer accounts, or approximately 12 million Floridians in 43 counties. Sustained investment in energy infrastructure and technology is vital to powering our communities now and into the future as our state grows. 

Who reviews the proposed four-year base rate plan?

The Florida Public Service Commission (PSC) regulates FPL’s electricity rates. FPL will submit a detailed four-year rate plan to the PSC as early as February, which will begin an extensive public review process before a final PSC vote on the plan. The process of setting new base rates typically takes about a year. 

When would the new rates go into effect?

If approved, the plan would cover four years, starting in 2026.

Can you provide an overview of the new base rate plan?

On Dec. 30, 2024, FPL notified the Florida Public Service Commission of its intent to file a new four-year rate plan. FPL intends to formally file its plan as early as February. The plan will include more details for our customers, including specific customer bill projections. At that point, customers will also be able to see their own proposed bill projection using our online rate calculator.