Duke Energy Florida has announced that its targeted infrastructure investments in 2025 will result in over $1 billion in savings for customers. The company stated that by March 2026, residential customers can expect their monthly bills to decrease by an average of $44 per 1,000 kilowatt-hours compared to January, representing a reduction of about 22%.
The investments cover several areas including the expansion of renewable energy, upgrades to natural gas power plants, improvements for storm resilience, and advances in carbon-free energy technology.
Duke Energy Florida completed three new solar sites in Hernando, Sumter, and Madison counties. These projects are expected to save customers approximately $750 million due to reduced fuel costs. The company plans to add eight more solar sites by the end of 2027.
Major upgrades at several existing power plants have also been finalized. According to Duke Energy Florida, these enhancements provide the equivalent output of a new plant without requiring new construction. The resulting fuel savings are projected to total more than $350 million overall and reduce monthly energy bills by about $10.
In terms of innovation, Duke Energy Florida successfully tested what it describes as the nation’s first system capable of producing, storing, and using 100% green hydrogen at its DeBary solar site. This development supports a broader range of power generation options and furthers efforts toward carbon-free energy.
To address storm resilience, the company replaced over 2,000 poles with stronger materials as part of its storm hardening initiatives. Additionally, self-healing technology has been expanded across the grid; this technology prevented more than 215,000 hours of outages during 2025.
Melissa Seixas, president of Duke Energy Florida said: “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 serves two million residential, commercial and industrial customers across a service area covering 13,000 square miles in Florida with an energy capacity of 12,300 megawatts. Its parent company Duke Energy operates electric utilities serving approximately 8.6 million customers across six states and owns a total capacity of 55,100 megawatts.
More information can be found on duke-energy.com and through their social media channels.
