FPL files four-year rate proposal enabling 894MW of solar development Email
Florida Power & Light is currently building a 409MW battery as part of its clean energy transition. Credit: FPL
US utility Florida Power & Light (FPL) has filed a four-year rate plan that could see 894MW of solar PV systems added to the grid.
FPL’s proposal calls for a US$1.1 billion electricity base-rate revenues increase in 2022 and US$607 million in 2023. It has also submitted a request for a US$140 million base-rate increase in both 2024 and 2025 to support investment in new solar energy projects.
The rate hike, FPL said, would support “a more resilient and sustainable energy future for Florida in the face of climate change and frequently severe weather”. It added that the combined US$280 million cost of the Solar Base Rate Adjustment (SoBRA) would be “partially offset” by lowered fuel costs on the clause portion of customer bills.
Provided by PR Newswire
Mar 12, 2021 1:45 PM UTC
FPL envisions a more resilient and sustainable Florida; files details of proposed 2022-2025 rate plan with Public Service Commission
FPL envisions a more resilient and sustainable Florida; files details of proposed 2022-2025 rate plan with Public Service Commission
- FPL delivers America s best energy value - electricity that s not just clean and reliable, but also affordable - thanks to consistent and disciplined, long-term investments
- The company s proposed four-year rate plan would support continued investments that benefit customers as FPL builds a more resilient and sustainable energy future for Florida in the face of climate change and frequently severe weather
Florida PSC Supports Duke Energy’s Five New Solar Projects
TALLAHASSEE The Florida Public Service Commission (PSC) today approved cost recovery for Duke Energy Florida, LLC’s (DEF) development of five solar projects, totaling 374.1 Megawatts (MW). Over the life of the projects, customer savings are estimated at $37 million, and when carbon dioxide emission costs are included, customer savings increase to $234 million.
“With these five projects, Duke Energy will reach more than 700 MW of solar additions since 2019. Florida customers will continue to benefit from emissions-free, cost-effective energy for decades,” said PSC Chairman Gary Clark. “Customers will also benefit from increased fuel diversity and system reliability, as well as the deferral of new plant construction.”
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FPL envisions a more resilient and sustainable Florida with kickoff of customary base rate setting process for 2022-2025 | 1/12/2021
JUNO BEACH, Fla. – Florida Power & Light Company (FPL) today notified the Florida Public Service Commission (PSC) that it expects to file a formal request in the coming months for new base rates. The company intends to propose a four-year rate plan that would begin in January 2022, once its current base rate settlement agreement concludes at the end of this year. FPL previously extended operations under the rate agreement by freezing base rates for an additional year through 2021.
FPL now serves 5.6 million customer accounts from Miami to Pensacola across more than half of Florida(1), a rapidly growing state on the front lines of climate change and strong, frequent severe weather. Recognizing this, FPL’s plan will enable the company to continue building a more resilient and sustainable energy future for everyone – including future gen