Pointing to higher-than-expected fuel costs, Duke Energy Florida filed a proposal Thursday to increase residential customers’ monthly bills by about 5 percent in July.
Duke filed the request at the state Public Service Commission and asked that it be considered during a June 6 meeting. In a news release, the utility said the request stems mainly from higher prices for natural gas and coal.
Utilities are barred from making profits on fuel expenses, which are passed through to customers. Typically, the Public Service Commission determines each fall how much utilities can collect in fuel costs, but Duke’s proposal Thursday is what is known as a “mid-course correction.”
If the proposal is approved, residential customers who use 1,000 kilowatt hours of electricity a month would see their bills increase about $5.99 to a total of $123.23, the news release said. Commercial customers would see 5 to 7 percent increases, while industrial customers would face 6 to 9 percent increases.
Reposted with permission from The News Service of Florida.