On Jan. 7, 2008, residential customers’ bills decreased by $0.94 per 1,000 kilowatt hours (kWh), to $102.49. In contrast, residential customers nationwide who use 1,000 kWh a month pay $108.79, according to the Edison Electric Institute, an industry trade association. Commercial and industrial customers’ bills saw similar decreases.
While FPL projects that natural gas prices will remain flat and residual oil fuel prices will increase moderately next year, a significant factor helping to drive down costs is increased fuel efficiency at FPL’s fossil fuel power plants. FPL’s fossil fuel power plant fleet is the top performer among large-scale utilities nationwide and has become 12 percent more efficient in the past five years. Efficiency at these facilities has grown by 17 percent since 1990. |