10/08/2026
⚡ FLORIDA ELECTRICITY BILLS ARE SOARING! 📈
☀️🦩Florida’s Rising Electricity Costs: What Commercial Property Owners, Landlords & Tenants Need to Know About Operating Expenses and Long-Term Budgets ⚡ 📈
Florida residents are feeling the pressure as electricity costs continue to rise, with some of the state’s largest utility providers ranking among the most expensive in the nation.
📊 Here’s what a recent WUSF News analysis reveals:
🔹 70% Increase: Duke Energy Florida’s typical residential bill has increased approximately 70% since 2016.
🔹 60% Increase: Tampa Electric (TECO) customers are paying approximately 60% more.
🔹 46% Increase: Florida Power & Light (FPL) has also experienced a significant increase in typical residential bills.
🔹 Among the Nation’s Highest: All four major investor-owned utilities in Florida ranked among the 50 highest average residential electricity bills nationwide in 2025.
💡 What’s driving these increases?
It’s not just electricity consumption. Rising rates, fuel costs, storm protection investments, infrastructure improvements, and additional surcharges are contributing to higher monthly bills.
🏢 Why does this matter for Florida property owners and businesses?
Although this report focuses on residential electricity costs, rising utility expenses are also an important consideration for commercial property owners, landlords, tenants, and businesses when evaluating operating expenses and long-term budgets.
📍 The Bottom Line: Understanding energy costs is becoming increasingly important when making real estate and business decisions in Florida.
📰 Source: WUSF News | Analysis of Florida Public Service Commission and U.S. Energy Information Administration data.
Claudia Splinter Ariel Diaz Trajan Commercial Real Estate
