Updated: March 2026
Commercial electricity and gas rates, energy market structure, regulations, and utility providers for property managers operating in Florida.
Florida has a fully regulated electricity market with no retail electricity choice for commercial customers. Florida Power & Light (FPL), Duke Energy Florida, and Tampa Electric are the major investor-owned utilities. The Florida Public Service Commission oversees rate cases. Cooperative and municipal utilities serve additional areas.
What this means for property managers:
In Florida's regulated market, your utility provides both generation and distribution at rates set by the state public utility commission. While you cannot choose your electricity supplier, you can optimize costs through rate schedule analysis, demand management, and participation in utility efficiency programs.
Rates are set by the public utility commission. No supplier choice available.
Rising
FPL secured a multi-year rate increase effective 2022-2025, and hurricane storm-cost recovery surcharges from recent seasons continue to impact commercial bills, adding $2-5 per 1,000 kWh.
Florida has no statewide energy benchmarking or building performance mandates. The state has actively resisted municipal-level energy regulations, though Miami has adopted its own Building Efficiency 305 program for benchmarking large commercial buildings. The state's net metering step-down policy (reducing credits for new solar installations) significantly impacts commercial solar ROI calculations.
See how Conduit automates utility management for commercial real estate portfolios in Florida.
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