Florida Power & Light (FPL) is pushing to raise electricity bills over the next four years, and if the move is approved by state regulators, the average user will start noticing their monthly bills increase by roughly $9 starting in January 2022, all the way to $16 by 2025. The original proposal called for an 18.2 percent increase, but FPL announced yesterday that it would only raise rates 16.4 percent, which would save the average person less than $2 compared to what was originally proposed.
That's not good enough for cash-strapped Miamians and local activist groups, who fear that the rate spike will force some families to choose between keeping the lights on or putting dinner on the table. On top of the economic strain of COVID-19, they say the timing couldn't be worse for the investor-owned monopoly to decide to increase its revenue nearly $2 billion over the next four years. Read the full article here