Duke Energy Florida announced that its infrastructure investments in 2025 will result in more than $1 billion in savings for customers. The company reported that by March 2026, residential customers can expect their monthly bills to decrease by an average of $44, or 22%, per 1,000 kilowatt-hours compared to January.
The utility’s projects over the past year included expanding its renewable energy portfolio with three new solar sites in Hernando, Sumter, and Madison counties. These solar additions are estimated to save customers approximately $750 million through reduced fuel costs. Duke Energy Florida also completed major upgrades at several power plants, which achieved the output equivalent to a new facility without new construction. These enhancements are projected to save customers more than $350 million overall and reduce monthly bills by about $10.
The company has also focused on innovation in carbon-free energy. At its DeBary solar site, Duke Energy Florida tested what it described as the nation’s first system capable of producing, storing, and using 100% green hydrogen. This development is intended to diversify the company’s power generation mix and advance carbon-free energy initiatives.
Efforts to strengthen the grid against severe weather included replacing over 2,000 poles with stronger materials and expanding self-healing technology across the network. According to Duke Energy Florida, this technology prevented more than 215,000 hours of outages during 2025.
Melissa Seixas, president of Duke Energy Florida, stated: “Duke Energy Florida is investing wisely, modernizing responsibly and doing all we can to keep costs as low as possible. Every investment we made in 2025 shared a common purpose to deliver reliable energy while keeping rates low for the customers and communities we serve. As we head into 2026, our priorities remain the same. We’ll continue projects and improvements that will lower bills and boost reliability.”
Duke Energy Florida supplies electricity to two million residential, commercial, and industrial customers across a service area covering 13,000 square miles in Florida. The company owns 12,300 megawatts of energy capacity.
Its parent company, Duke Energy (NYSE: DUK), is based in Charlotte, North Carolina and serves electric utilities customers across six states with a total capacity of 55,100 megawatts.
More information about these developments can be found at duke-energy.com and through the Duke Energy News Center.
