(888) 488-7703 PoweringFlorida@fpl.com

FPL HAS TWO INCENTIVE PROGRAMS FOR YOUR GROWING BUSINESS

Power costs should never be a barrier in choosing Florida for your business. Even with rates among the lowest in the Southeast and well below the national average, we understand that, in today’s competitive economy, sometimes it takes more. FPL has two programs for economic development projects:

 

 

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Economic Development Rider (EDR)

Our economic development rider was designed to help attract new investment to the Sunshine State and create more jobs for Floridians. Eligible companies receive discounts on new electric demand for up to five years.
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Commercial Industrial Service Rider (CISR)

This rate was designed to attract new, large power users to the state as part of a competitive site location project.
EDR Discount

The table below illustrates the discount on new electric demand:

Year 1 2 3 4 5
EDR Discount 20% 15% 10% 5% NA
Existing Vacant Facility Discount 25% 20% 15% 10% 5%
EDR Discount

The table below illustrates the discount on new electric demand:

Year                   

1           2          3          4          5

EDR Discount       

20%     15%     10%     5%      NA

Existing Facility Discount

25%     20%     15%     10%    5%

EDR Qualifications
In order to qualify, a new or expanding business must:

  • Create at least 25 new jobs per 350 kW demand of new electric demand
  • This is a ratio – if a company has 700 kW of new electric demand, they must create at least 50 new jobs

Download FPL’s EDR agreement.

CISR Qualifications
In order to negotiate a rate, potential or existing businesses must:

  • Have a load of 2,000 kW or greater, served by a single meter
  • Document that this is part of a competitive site location project with opportunities for lower electric rate alternatives
  • If you think your project qualifies, complete FPL’s rate quote worksheet and contact FPL’s Economic Development team upon completion

Download FPL’s CISR tariff.

Request a Rate Quote
FPL requires at least two of these three factors to determine your rate: kW demand, monthly kWh or load factor.

Download our rate quote worksheet to help us assess your power requirements and upon completion contact FPL’s Economic Development team.

BECOMING AN FPL CUSTOMER IS A GREAT VALUE FOR YOUR BUSINESS

Affordable Rates

Power costs should never be a barrier for choosing your next business location. FPL has affordable, competitive rates that are 41 percent below the national average for large industrial business customers and among the lowest in the Southeast.

Record of Reliability

FPL was named the winner of the 2017 ReliabilityOne™ Award for the fourth consecutive year and also received the “Outstanding Response to a Major Outage Event” award for its Hurricane Matthew restoration.

Innovative Ideas

 Investments in FPL’s smart grid benefits customers, resulting in fewer outages and faster restoration. Approximately 500,000 customer interruptions were avoided during Hurricane Irma as a result of certain smart grid investments.

Cleaner Energy

 FPL is in the midst of one of the largest solar expansions ever in the U.S. with more than 4 million new solar panels installed and another 10 million planned over the next five years.

TYPICAL FPL CUSTOMER BILLS ARE LOWER THAN THE STATE, REGIONAL AND NATIONAL AVERAGES

graph showing FPL rates compared to national average, 500 KW - 180,000 kWh

For medium-sized business customers with 500 kW and 180,000 kWh, FPL’s typical customer bills are 20 percent below average. FPL’s typical bill for a medium-sized business customer is $15,634 compared to the U.S. average of $19,467, the Florida IOU average of $17,276, the South and Atlantic average of $16,240.

graph showing FPL rates compared to national average, 1,000 KW - 640,000 kWh

For large business customers with 1,000 kW and 400,000 kWh, FPL’s typical customer bills are 16 percent below average. FPL’s typical bill for a large business customer is $33,533 compared to the U.S. average of $39,975, the Florida IOU average of $36,735, and the South Atlantic average of $34,382.

graph showing FPL rates compared to national average, 50,000 KW - 32,500,000 kWh

For large industrial business customers with 50,000 kW and 32,500,000 kWh, FPL’s typical customer bills are 41 percent below average. FPL’s typical bill for a large industrial business customer is $1,534,215 compared to the U.S. average of $2,592,376, the Florida IOU average of $2,424,786, and the South Atlantic average of $2,205,005.

These comparisons include the EEI Summer 2017 survey for rates effective July 2017, the November 2017 Florida Municipal Electric Association survey, and the comparison of the Florida investor-owned utility rates effective January 1, 2018.

CONTACT US

MORE INFORMATION

To see if your company qualifies for a discounted rate, contact FPL’s Office of Economic Development.

Address: FPL Office of Economic Development

700 Universe Blvd. CEA/JB

Juno Beach, Florida 33408

Phone: 1.888.488.7703

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