Florida Power & Light to Propose 2027 Rate Adjustments
The utility plans a lower base rate for 2027 while introducing a surcharge to recover costs from Hurricane Isaias.
Updated on Oct. 30, 2026 in Utilities
Live Poll
Should utility companies be allowed to pass hurricane restoration costs onto customer monthly bills?
Florida Power & Light proposes a monthly residential rate of $141.87 for 2027, representing a $1.18 reduction from the levels approved in 2025. This adjustment is set to take effect alongside a temporary storm-recovery surcharge starting in January 2027.
Why it matters
The utility attributes the lower base rate to natural gas cost projections and increased grid efficiency, while the surcharge aims to replenish storm reserves following Hurricane Isaias. This proposal impacts 6.13 million customers across 41 counties served by the company.
The proposed monthly rate of $141.87 for 1,000 kilowatt hours reflects a decrease of $1.18 from the 2025 baseline. Additionally, a $3.48 monthly surcharge is requested to address restoration costs incurred during the Hurricane Isaias response.
The players
Florida Power & Light
This is a major utility company serving 6.13 million homes and businesses across 41 counties in Florida.
The details
Florida Power & Light, headquartered in Juno Beach, mobilized 17,000 workers to restore power after Hurricane Isaias made landfall near Destin. The company successfully restored power to customers in northwest Florida within four days, utilizing smart-grid technology to avoid 138,000 potential outages.
Timeline
October 9, 2026: Hurricane Isaias made landfall near Destin.
October 2025: The four-year settlement was finalized.
January 2027: New monthly rates and surcharges begin.
December 2027: Conclusion of temporary surcharge period.
Market Landscape
The proposal operates within the framework established by the 2025 four-year rate settlement. This shift reflects the broader utility trend of balancing base rate reductions against necessary capital recovery for infrastructure hardening after extreme weather.
Customers can expect a base rate reduction of $1.18 per 1,000 kilowatt hours starting in January 2027. However, this savings will be partially offset by the $3.48 monthly surcharge for storm recovery, affecting monthly household utility budgets through December 2027.
The takeaway
Understanding how utilities structure recovery surcharges alongside base rate changes is essential for long-term household budgeting. Residents should monitor regulatory filings throughout 2027 to see how these costs evolve relative to storm recovery milestones.
Further reading
Find more updates on regional energy regulations in Florida Utilities.
Live Poll
Should utility companies be allowed to pass hurricane restoration costs onto customer monthly bills?
