FPL offers incentive programs for growing businesses
Power costs should never be a barrier for your business. Even with rates among the lowest in Southeast and well below the national average, we understand that, in today's competitive economy, sometimes it takes more.
Economic Development Rider (EDR)
EDR is designed to help attract new investment and create more jobs for in Florida. Eligible companies receive discounts on new electric demand for up to five years.
Have Questions About Rates and Incentives?
FPL offers EDR and EFEDR programs. Qualifications for each are listed below and more information can be found here.
EDR Level I
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
EDR Level II
Create at least 40 new jobs per 1 MW demand of new electric demand
This is a ratio - if a company has 2 MW of new electric demand, they must create at least 80 new jobs
FPL also offers an Existing Facility Economic Development Rider (EFEDR)
For establishment of new load in commercial or industrial space vacant for 6+ months
Minimum 25 new jobs per 350 kW new demand
FPL offers three levels of EDR discounts:
EDR level I
Declining discount on base energy and demand charges over 4 years
Year 1: 20%
Year 2: 15%
Year 3: 10%
Year 4: 5%
EDR level II
Year 1 – 40% reduction in base demand and energy charges*
Year 2 – 30%
Year 3 – 20%
Year 4 – 10%
Year 5 – 0%
Year 1: 25%
Year 2: 20%
Year 3: 15%
Year 4: 10%
Year 5: 5%
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
FPL requires at least two of these three factors to determine your rate: kW demand, monthly kWh or load factor.
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. Fill out our rate quote worksheet to help us assess your power requirements and find more savings for your bottom line.