Duke Energy Florida’s $90.5 million refund is set to provide relief to over 2 million customers this summer, as a result of excessive collections during the 2024 hurricane season.
The Florida Public Service Commission authorized this refund after it was revealed that Duke Energy collected more than $1 billion in storm-related costs, while actual expenses were approximately $915.3 million. The difference means significant energy bill savings for customers.
Starting in June and continuing through September, the refund will manifest as a reduction in the fuel charge on bills. Specifically, the monthly fuel charge will drop from 4.414 cents per kilowatt-hour to 3.852 cents, translating to a reduction of 0.562 cents per kilowatt-hour.
Duke Energy serves more than 2 million customers across 35 counties in Florida—this refund will impact a large segment of the population, easing their financial burdens during peak summer months.
The storm charge was originally set to continue until February 2026 but ended early in January, allowing for these funds to be returned sooner than anticipated. Officials indicated that no sign-up is required; the refund will automatically apply to customer accounts.
Key details:
- The payout will continue through September.
- The reduction in fuel charge provides immediate financial relief.
- Duke Energy’s excessive collection practices have been addressed by regulatory oversight.
In light of these developments, reactions have varied among Duke Energy customers, with many expressing relief at the unexpected savings. The Florida Public Service Commission emphasized its role in ensuring that customers are reimbursed appropriately through these temporary reductions in fuel charges.
