FPL reliance on natural gas means customers exposed to volatile market

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An FPL customer who uses 1,000 kilowatt hours of electricity will be charged $125.39 in January, thanks to one-month savings from the federal Inflation Reduction Act, and then $129.59 in February. But that could cost much more in other places.

NextEra Energy, Florida Power & Light parent company, announces plan to slash carbon emissions by 2045

Since the early 1990s, there has been a concerted effort by the utility to shift toward natural gas to fuel its power plants since these types of electricity-generating facilities are more efficient. FPL traded in its oil-fired power plants with the distinguished candy cane-striped smokestacks for natural gas-burning"clean energy centers."The majority of FPL’s energy source has been natural gas for at least two decades. Natural gas as a fuel source has grown from 34.8% in 2003 to 72.

FPL finalized its merger with Gulf Power at the start of 2022, expanding the utility's footprint into northwest Florida. The Juno Beach-based utility noted it would take about five years for the bills of former Gulf Power customers and existing FPL customers to match.

 

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So we are solving inflation, that was largely caused by government spending, by the government giving away more free money? Seems about right for the clown car that is the Biden administration.

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