Duke Energy Florida is proposing to pass on $56 million of corporate tax savings annually to customers.
“We understand our customers need some relief, and this is an opportunity for Duke Energy to pass tax savings to our customers,” said Duke Energy Florida State President Melissa Seixas. “We will continue to look for creative solutions to provide relief and focus our efforts to deliver the best possible service.”
If approved, residential rates will decrease $1.90 per 1,000 kilowatt-hours in January as compared to recently announced rates.
As a result of the Inflation Reduction Act, there is an immediate impact to Duke Energy Florida involving changes to the production tax credits (PTCs) associated with solar investments.
Duke Energy Florida proposes to adjust base rates starting with the first billing cycle of January 2023.
Duke Energy Florida, a subsidiary of Duke Energy, owns 10,300 megawatts of energy capacity, supplying electricity to 1.9 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.
