FPL rate increases over time
Florida Power & Light's average residential electricity price has risen from 10.65 cents per kWh in 2015 to 13.71 cents in 2024, an increase of about 29 percent, or roughly 2.8 percent per year. The chart shows FPL's average residential price by year. Hover any point for the exact figure.
What rising FPL rates could cost you
FPL rates have risen about 2.8% per year. Enter your bill to see what that pace of increase could compound to over time, and what you have likely already absorbed. This is an estimate, not a guarantee.
Estimate only. Projects your current bill forward at FPL's historical average rate increase (2.8% per year, from EIA data); it assumes your usage stays the same except for any add-ons you select. Actual rates depend on your usage, rate plan, and the utility's future filings, and are not guaranteed. This is general information, not financial advice.
Current residential rates
FPL residential rates are shown below, from the utility's published tariffs and the public Utility Rate Database. Rates vary by plan, season, and usage and change over time.
| Plan | Energy charge | Fixed / basic |
|---|---|---|
| Residential Service RS-1 (standard), effective January 2026 | 12.258 cents/kWh volumetric (base energy 7.865 + fuel 2.893 + storm protection 0.995 + environmental 0.345 + conservation 0.148 + capacity 0.052 - transition credit 0.040), for the first 1,000 kWh; ~13.31 cents/kWh all-in at 1,000 kWh including the base charge | $10.52/month base charge (minimum $30/month base bill) |
| Residential Service RS-1, usage above 1,000 kWh/month (inclining block), effective January 2026 | ~13.258 cents/kWh volumetric for kWh over 1,000 (base energy steps to 8.865 and fuel to 3.893; other riders unchanged) | included in the same $10.52/month RS-1 base charge |
| Residential Time-of-Use Rider RTR-1, effective January 2026 | Time-of-use rider applied on top of RS-1: on-peak base energy adder +14.410 cents/kWh and off-peak -6.157 cents/kWh (plus on-peak fuel +0.226 / off-peak -0.098), so on-peak runs well above and off-peak well below the flat RS-1 rate | $10.52/month base charge (same as RS-1) |
Rates are from FPL's official PSC-approved residential rate insert effective January 2026 (res-eff-jan-2026.pdf), approved by the Florida PSC in Docket Nos. 20250011-EI, 20210015-EI, 20250001-EI, 20250002-EG, 20250007-EI, and 20250010-EI. The RS-1 all-in effective rate of ~13.31 cents/kWh at 1,000 kWh (a $133.10 bill) is slightly below the 2024 EIA average of 13.71 cents/kWh, reflecting lower 2026 fuel charges. Rates use an inclining-block structure (higher per-kWh price above 1,000 kWh/month).
Net metering and solar export: Full retail-rate net metering (kWh-for-kWh)
FPL offers true net metering under Florida's PSC rules. Solar you export to the grid earns a one-for-one kWh credit: each excess kilowatt-hour banks in your account and offsets a kilowatt-hour you would otherwise buy at the full retail rate in a later month, so exported energy is effectively worth the same as energy you consume. Monthly excess credits roll forward in a kWh bank. Only any leftover kWh credits remaining when your December meter is read are cashed out, and those are paid at FPL's average annual cost of electricity generation (an avoided-cost/wholesale rate, lower than retail), not at retail. Residential systems are sized to your needs and net metering applies up to 2 MW (Tier 1: 0-10 kW, Tier 2: 10-100 kW, Tier 3: 100 kW-2 MW). Florida preserved this retail-rate framework after Governor DeSantis vetoed SB 1024 in April 2022, which would have phased net metering down toward avoided cost; because the bill was vetoed it never took effect, so no statewide rollback or post-2024 declining export rate is in force for FPL.
What it means for solar
FPL rates have risen about 2.8 percent per year over the past decade. Solar can offset that grid cost, every kWh you generate and use is a kWh you do not buy, but how much you save depends on your rate level and on how exported power is credited (Full retail-rate net metering (kWh-for-kWh)). Where exports are worth little, using your own solar, often with a battery, matters more than selling surplus back. Whether solar makes sense depends on your usage, roof, and rate plan, so get a site-specific quote.
FPL service area
FPL serves South and southeastern Florida plus the Gulf Coast and Northwest Florida (Panhandle, via the former Gulf Power territory). Major cities served include Miami, Fort Lauderdale, West Palm Beach, Fort Myers, Sarasota, Daytona Beach, and Pensacola..
To confirm whether a specific address is served by FPL, check your electricity bill. A ZIP lookup tool is coming to this site.
Full data and sources
Per-utility prices are computed from EIA Form 861 (bundled residential revenue divided by sales), which reconciles to the EIA's published figures. These are public-domain U.S. government data.
| Year | FPL (c/kWh) |
|---|---|
| 2015 | 10.65 |
| 2016 | 10.17 |
| 2017 | 11.2 |
| 2018 | 10.83 |
| 2019 | 11.03 |
| 2020 | 10.44 |
| 2021 | 11.23 |
| 2022 | 13.46 |
| 2023 | 15.01 |
| 2024 | 13.71 |
Sources: EIA-861 2024 Sales to Ultimate Customers (Sales_Ult_Cust, bundled residential, utility #6452 FPL) · EIA Table 6 - 2024 Utility Bundled Retail Sales, Residential (reconciliation, FPL 13.71 cents/kWh, 5,236,277 customers) · EIA Electric Sales, Revenue, and Average Price (Form 861 data hub) · FPL official Residential Rates and Clauses, effective January 2026 (RS-1 / RTR-1 tariff insert) · FPL Rates and Your Bill · FPL official Net Metering FAQ (kWh credit, December annual settlement at average generation cost, tier sizes) · EnergySage - FPL Net Metering 2026 (full retail-rate credit confirmation) · Florida Politics - Gov. DeSantis vetoes net metering bill (SB 1024), April 2022 · Florida Power & Light - Wikipedia (service area, customer count context)
FAQ
How much have FPL electricity rates gone up?
FPL's average residential price rose about 29 percent since 2015, roughly 2.8 percent per year, reaching about 13.71 cents per kWh in 2024.
Does FPL offer net metering for solar?
FPL uses Full retail-rate net metering (kWh-for-kWh). See the net metering section above for exactly how exported solar is credited and what that means for your system.
Is solar worth it with FPL?
It depends on your electricity usage, roof, system size, and whether you add a battery. Higher rates and rate increases make solar more attractive, but the value of exported power depends on FPL's net metering rules. Get a site-specific quote rather than relying on a general estimate.
Where does this rate data come from?
The per-year prices come from the U.S. Energy Information Administration's Form 861, and the current rate structures come from the public Utility Rate Database. Both are public, free, and updated regularly.