You may want to turn up your thermostat and use your electrodomestics less because Florida Power and Light (FPL) is asking for a payment increase so they can invest in cheap, clean energy. Although for that to happen, the Florida Public Service Commission has to approve it.
FPL aims money to go towards the clean and affordable energy road. This is a long-term investment that the company assure will help to reduce costs to all citizens, so this could be a cost-effective way to keep bills as low as possible.
These type of solutions include the installation of 30 million solar panels in Florida by 2030, the government wants to construct the world’s largest solar-powered battery system, and piloting green hydrogen in Manatee County, which FPL assures is key to unlock a greener future with 0 emissions. The company says while the prices are increasing right now, they will be cheaper in the future.
What about the process?
As you can see, this is the midway point in FPL’s process to start increasing its rates and prices. The utility company has the main objective of raise your rates gradually over the next 4 years. In other words, you’ll be paying an extra $18 per month. Next year alone, you should expect to pay an extra $10.5 per month! Then, the next step will be a technical hearing in August, which works as a normal court case with witnesses and testimony. As FPL is a highly regulated utility company here, all aspects of this process are going through the FPSC. If the plan to raise their fees is approved, it would start from January 2022.
Source: Wink news