Energy Bill Assistance Available for Qualified Duke Energy Florida Customers

Duke Energy Florida (NYSE: DUK) says storm cost recovery charges were removed from customer bills in February, lowering residential bills roughly $44 per 1,000 kWh.

Rhea-AI Summary

Duke Energy Florida (NYSE: DUK) says storm cost recovery charges were removed from customer bills in February, lowering residential bills roughly $44 per 1,000 kWh. In 2025, nearly $30.5 million in bill assistance reached about 31,000 customers. Multiple programs and payment options are available.

Customers can access Share the Light Fund, LIHEAP, FL211.org, installment plans, due-date extensions and seasonal savings tools via the company’s Payment Assistance Finder.

Argus Mar 25 session

+0.61% close to close Open Argus

Details

News Market Reaction – DUK

In the Mar 25 session, DUK gained 0.61%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement underscores Duke Energy Florida’s customer support strategy, combining removal of ...

Analysis

This announcement underscores Duke Energy Florida’s customer support strategy, combining removal of storm cost recovery charges—cutting residential bills about $44 per 1,000 kWh—with nearly $30.5 million in 2025 assistance to roughly 31,000 customers. It complements earlier usage-alert and clean energy initiatives, highlighting reliability and affordability rather than new earnings targets. Investors may monitor how such programs interact with broader capital plans and future regulatory outcomes.

Key Figures

Bill assistance provided: $30.5 million Customers assisted: 31,000 customers Bill reduction: $44 per 1,000 kWh +5 more

Bill assistance provided

$30.5 million

Energy bill assistance in Florida in 2025

Customers assisted

31,000 customers

Florida customers receiving energy bill assistance in 2025

Bill reduction

$44 per 1,000 kWh

Residential bill decrease from removal of storm cost recovery charges

DEF capacity

12,500 megawatts

Duke Energy Florida owned energy capacity

DEF customers

2 million customers

Duke Energy Florida customer base

Service area

13,000 square miles

Duke Energy Florida service area in Florida

Electric customers

8.6 million customers

Duke Energy electric utilities customer base

Total capacity

55,100 megawatts

Energy capacity owned by Duke Energy electric utilities

Historical Context

5 past events · Latest: Mar 20

5 events

1. Mar 20

   Customer tools update

   24h Move

   -2.3%

   Promoted Usage Alerts and billing tools for Florida customers before summer.

2. Mar 19

   Storm prep grants

   24h Move

   -0.8%

   Announced $500,000 in North Carolina storm-preparedness grants via Duke Energy Foundation.

3. Mar 19

   Workforce partnership

   24h Move

   -0.8%

   Funded Florida college programs to train lineworkers and strengthen talent pipeline.

4. Mar 18

   Clean energy project

   24h Move

   -1.6%

   Placed 10‑MW Ebbie Solar project into service under Green Source Advantage program.

5. Mar 17

   Program enrollment

   24h Move

   -0.4%

   Reported GSA Express clean energy program exceeding initial 177.3 MW enrollment targets.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

low income home energy assistance program, liheap, kwh, megawatts

4 terms

low income home energy assistance program regulatory

"leveraging resources such as Share The Light Fund, Low Income Home Energy Assistance Program (LIHEAP), FL211.org"

A government program that helps eligible low-income households pay for heating, cooling, and other energy bills so families can keep utilities on. For investors, it matters because the program reduces the number of unpaid bills and sudden service shutoffs, which can stabilize utility revenues, lower customer credit risk, and influence consumer spending patterns—think of it as a safety net that keeps a portion of customers able to pay for essential services.

liheap regulatory

"resources including Share the Light Fund, 211.org, LIHEAP and more, customers can visit"

Liheap is a government program that provides financial assistance to help low-income households pay their heating and cooling bills. For investors, it highlights the importance of energy affordability and can influence energy demand and utility company performance, especially in regions where many residents rely on such aid. Understanding liheap helps gauge the social and economic factors that can affect energy consumption and related markets.

kwh technical

"dropping residential bills approximately $44 for every 1,000 kWh, additional bill assistance"

A kWh (kilowatt-hour) is a measure of energy equal to running a 1,000-watt appliance for one hour; think of it like a gallon of gasoline but for electricity. Investors care because electricity prices and contracts are quoted in kWh, so it directly affects operating costs, utility revenues, project economics for power plants and batteries, and the value of efficiency or renewable energy investments.

megawatts technical

"Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity"

A megawatt is a measure of electrical power equal to one million watts, describing how much electricity a plant or device can generate or use at a single moment. Investors use megawatts to compare the size and earning potential of energy projects—larger capacity usually means more electricity to sell—much like comparing the horsepower of engines to judge how much work they can do. Knowing megawatts helps assess scale, revenue potential, and grid impact of energy assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

• In 2025, nearly $30.5 million in energy bill assistance was provided in Florida, helping nearly 31,000 customers
• Multiple financial assistance programs are available for eligible customers

ST. PETERSBURG, Fla., March 25, 2026 /PRNewswire/ -- As Duke Energy Florida's storm cost recovery charges have been removed from customer bills as of February, dropping residential bills approximately $44 for every 1,000 kWh, additional bill assistance resources are available for eligible customers that may face continued payment challenges.

In 2025, nearly $30.5 million was delivered to support approximately 31,000 customers.

Duke Energy Florida works with community partners and assistance programs to connect eligible customers with financial resources and support, leveraging resources such as Share The Light Fund, Low Income Home Energy Assistance Program (LIHEAP), FL211.org and more.

How to get help
Duke Energy Florida works with a variety of partners to help connect eligible customers with financial assistance for their energy bills. These partnerships help ensure support reaches families who may be experiencing temporary financial hardship or unexpected challenges.

"We know that unexpected challenges can arise, and we're committed to standing by our customers when they need it most," said Melissa Seixas, president, Duke Energy Florida. "These programs help provide a safety net for families navigating temporary hardship while keeping their households running."

To explore payment assistance resources including Share the Light Fund, 211.org, LIHEAP and more, customers can visit Duke Energy's Payment Assistance Finder.

Additional support
In addition to financial assistance programs, Duke Energy also offers:

• Installment Plans: Provides flexibility with paying energy bills to help make monthly payments more comfortable
• Due Date Extensions: Extends your payment due date by one to 10 business days
• Seasonal Savings Tips: From energy usage tracking to a live view into your energy dashboard, additional resources provide transparency and tips to help reduce everyday energy usage to lower your bill during the winter chill and heat of the summer

Customers are encouraged to seek help early to find the best option that fits their needs.

Duke Energy Florida
Duke Energy Florida, a subsidiary of Duke Energy, owns 12,500 megawatts of energy capacity, supplying electricity to 2 million residential, commercial and industrial customers across a 13,000-square-mile service area in Florida.  

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,100 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.  

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage. 

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition. 

Contact: Laitin Sterling
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/energy-bill-assistance-available-for-qualified-duke-energy-florida-customers-302725174.html

SOURCE Duke Energy

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much energy bill assistance did Duke Energy Florida (DUK) provide in 2025?

Nearly $30.5 million in assistance was provided in 2025 to support approximately 31,000 customers. According to Duke Energy, funds came through partnerships and community programs to help customers facing payment challenges and temporary hardship.

How did Duke Energy Florida’s February change affect residential bills for DUK customers?

Removal of storm cost recovery charges lowered residential bills about $44 per 1,000 kWh. According to Duke Energy, the adjustment reflects the removal of those charges from customer bills as of February.

What payment assistance options are available to Duke Energy Florida (DUK) customers?

Options include the Share the Light Fund, LIHEAP, FL211.org, installment plans and due-date extensions. According to Duke Energy, these programs and community partners help connect eligible customers with financial resources and flexible payment options.

How can a Duke Energy Florida (DUK) customer apply for bill assistance?

Customers can use Duke Energy’s Payment Assistance Finder and contact community partners like FL211.org or Share the Light Fund. According to Duke Energy, early outreach is encouraged to find the best assistance option that fits each household’s needs.

Do Duke Energy Florida (DUK) installment plans and due-date extensions change monthly bills?

Installment plans spread past balances over time while due-date extensions delay payment by one to ten business days. According to Duke Energy, these tools aim to make monthly payments more manageable without removing charges or changing rates.