67 F
The Villages
Sunday, April 18, 2021

Duke Energy Florida announces plan to reduce residential rates

Duke Energy Florida customers can expect to see lower bills in 2021.

The company plans to decrease Florida residential rates by 2.8 percent while making grid improvements to enhance reliability, security and resilience in 2021 and beyond. The rate reflects an expected decrease in Duke Energy Florida’s storm cost recovery and fuel charges, a news release says.
Rates for the coming year also will reflect grid reliability investments to reduce the number and duration of outages, as well as Duke Energy Florida’s annual capacity, energy conservation, storm protection plan and environmental compliance clause costs.

If approved, typical residential customers using 1,000 kilowatt-hours will see a decrease of $3.63, or 2.8 percent, in their monthly bill beginning this January. Commercial and industrial customers will see bill impacts ranging from a 6.6 percent decrease to a 1.1 percent increase.

However, the specific bill impact will vary depending on several factors. This decrease will be partially offset when rates are adjusted to include the investments in the Twin Rivers and Santa Fe solar plants as they come online in early 2021.

“In 2021, Duke Energy Florida is bringing new services and technologies to our customers while lowering costs and keeping residential rates for electricity lower than the national average,” said Catherine Stempien, Duke Energy Florida state president. “While our customers’ bills are decreasing, we know some of them continue to face financial hardships. We’re providing enhanced care and expanded assistance for those impacted by the pandemic.”

Duke Energy Florida has been proactively working with customers who are accumulating past-due balances on their utility bills, offering payment plans to mitigate potentially more significant financial challenges in the future. The company will continue to provide assistance to residential and business customers whose accounts have fallen behind due to illness or lost wages, the release says.

Duke Energy Florida, a subsidiary of Duke Energy, owns a diverse generation mix of natural gas, coal and renewables, providing about 10,200 megawatts of owned electric capacity to approximately 1.8 million customers in a 13,000-square-mile service area.

Restaurants in The Villages desperate due to staffing shortages

Restaurants in The Villages and across Florida are trimming their hours and offering drive-through only as they face an historic labor shortage.

Villagers’ daughter to appear on Food Network with Martha Stewart

A mother and father in The Villages are filled with pride as their daughter has been selected to appear with Martha Stewart on a Food Network cooking competition show. Villages-News.com's David Towns has the story.

Trendy coffee shop coming to Magnolia Plaza in The Villages

Foxtail Coffee Co. has reportedly signed a lease for a location at Magnolia Plaza at The Villages.

Restaurants in The Villages desperate due to staffing shortages

Restaurants in The Villages and across Florida are trimming their hours and offering drive-through only as they face an historic labor shortage.

Villagers’ daughter to appear on Food Network with Martha Stewart

A mother and father in The Villages are filled with pride as their daughter has been selected to appear with Martha Stewart on a Food Network cooking competition show. Villages-News.com's David Towns has the story.

Trendy coffee shop coming to Magnolia Plaza in The Villages

Foxtail Coffee Co. has reportedly signed a lease for a location at Magnolia Plaza at The Villages.

Ohio teen apprehended after chase on I-75 through Sumter and Marion counties

An Ohio teenager was apprehended after leading law enforcement on a high-speed chase Friday afternoon on Interstate 75 through Sumter and Marion counties.

3 more local residents die of COVID-19 as Florida reports 74 more fatalities

Florida added more than 6,300 new COVID-19 cases on Saturday as 74 more people succumbed to the virus across the Sunshine State.

Villager takes wild ancestry journey to find his father and half-siblings

It took more than 70 years for Villager Larry Moran to find out who his father was and learn that he had half-siblings. He met those siblings last week for the first time in a “family reunion.”

Lake Deaton debacle

A Village of Virginia Trace resident, in a Letter to the Editor, contends that Village of Lake Deaton residents should have known more than they claim they knew about actions of a fraudulent contractor.

Too many apartments springing up in The Villages

A man who describes himself as a “future homeowner” in The Villages contends there are too many apartment buildings going up in Florida’s Friendliest Hometown. Read his Letter to the Editor.

Little pity for Villagers scammed by contractor

In a Letter to the Editor, a Village of La Belle resident says he has little pity for the Villagers who claim they were scammed by a contractor who cut down trees in a protected wetland near their homes.