Duke Energy Florida’s $90.5 million refund is a direct result of over-collection from the 2024 hurricane season. This refund will benefit over 2 million customers across the state this summer.
The Florida Public Service Commission authorized the refund after Duke Energy collected excessive charges for hurricane restoration costs. The company gathered over $1 billion while actual storm-related expenses totaled about $915.3 million.
The refund will appear as a reduction in the fuel charge on bills from June through September. Customers will see a decrease of 0.562 cents per kilowatt-hour, lowering the monthly fuel charge from 4.414 cents to 3.852 cents.
The storm charge was initially set to continue until February 2026 but ended early in January. Duke Energy serves more than 2 million customers across 35 counties in Florida.
Key facts:
- Duke Energy collected more than $1 billion in storm-related costs.
- Actual hurricane restoration costs were about $915.3 million.
- The fuel charge reduction will last from June through September.
Officials confirmed that no action is needed from customers to receive the refund; it will be automatically applied to their accounts. The payout will continue through September, providing significant energy bill savings for many.
