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Duke Energy Rates Will Increase Over Next Three Years

/ Duke Energy said in January that average residential customers would see bill increases of 3% to 4% in 2022. With backing from representatives of consumers and businesses, the state Public Service Commission on Tuesday unanimously approved a settlement that will increase base electric rates for customers of Duke Energy Florida. Duke reached the settlement early this year with the state Office of Public Counsel, which represents consumers, and major electricity users after months of negotiations. The settlement would lead to about $195 million in rate increases over three years. “This was a massive undertaking to have reached a settlement agreement,” commission Chairman Gary Clark said.

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