FPL Requests Rate Decrease on Efficiency Gained from New Power Plant - Smart Energy Decisions

Commercial, Energy Efficiency, GHG Emissions, Power Prices, Utilities  -  February 17, 2016

FPL requests rate decrease that would reduce commercial customer bills by 2% to 7%

NextEra Energy subsidiary Florida Power and Light has filed a request with the Florida Public Service Commission to reduce rates starting April 1. The electric utility cited increased fuel efficiency and lower natural gas prices for the rate reduction that is expected to shave 2% to 7% off commercial customers' bills.

Much of the efficiency gains are linked to the new Port Everglades Next Generation Clean Energy Center, a state-of-the-art gas-fired power plant that will use high-efficiency, combined-cycle technology to produce up to 1,277 MW of electricity, the company said in a news release. 

The new facility will run on 35% less fuel per megawatt-hour, according to FPL. The utility also claims that over its 30-year life, the plant’s improved efficiency will produce more than $400 million in net savings for customers. The new FPL plant is also expected reduce air emissions by more than 90% and cut the carbon dioxide emissions rate in half. 

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