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Tampa Electric rate increase

Electric · Florida · Investor-owned utility · part of Emera Inc.

Proposed

Last checked

Tampa Electric has a pending decrease of about −$2.30/month for a typical 1,000 kWh home starting January 2027, if regulators approve the request.

Details and sources · Estimate for your home

Rate changes, newest first

Proposed January 2027 bill reduction (lower fuel costs)

Fuel / purchased power · Electric

Proposed

Typical residential bill (1,000 kWh/month)

  • −$2.30/mostarting January 2027 (−1.5%)Proposed: bill would go from $156.43 to $154.13, pending PSC approval.

Typical bill before the change: $156.43/month

Proposed amounts; regulators may change them.

Filed
September 2026
Decision expected
Not disclosed
Requested effective
January 2027
Requested increase
Not disclosed
Approved increase
Pending
Docket
Not disclosed

In September 2026 Tampa Electric asked the PSC to lower rates from January 2027, cutting a typical 1,000-kWh residential bill by 1.5%, from $156.43 to $154.13. The company says lower fuel costs more than offset the cost of approved investments in the grid, reliability and growth. The request is pending.

Utility's stated reasons

  • lower fuel costs
  • partly offset by approved grid and reliability investments
Sources (1) · Based on news or utility announcements
  • RatesTampa Electric · Utility website · accessed Sep 29, 2026

Last verified Sep 29, 2026

Storm restoration surcharge for 2023-2024 hurricanes (March 2025, ended August 2026)

Rider · Electric

Approved

Typical residential bill (1,000 kWh/month)

  • +$19.95/mostarting March 2025 (+14.1%)18-month surcharge of $0.01995/kWh; Tampa Electric lists the 1,000-kWh bill rising to $166.04.
  • −$19.95/mothen from August 2026 (−11.6%)Surcharge ended with August 2026 bills, one month early; 1,000-kWh bill fell to $156.43.

Combined: +$0.00/mo

Filed
December 27, 2024
Decided
February 4, 2025
Effective
March 2025
Requested increase
Not disclosed
Approved increase
Not disclosed
Docket
20240172-EI

Tampa Electric sought about $464 million for restoration after Hurricanes Idalia, Debby, Helene and Milton and to refill its storm reserve. On Feb 4, 2025 the PSC approved recovery over 18 months at $0.01995/kWh ($19.95 on a 1,000-kWh bill) starting March 2025. Costs were collected early, so the charge came off bills in August 2026, a month ahead of schedule.

Utility's stated reasons

  • restoration after Hurricanes Idalia, Debby, Helene and Milton
  • replenishing the storm reserve
Sources (5) · Verified against regulator or utility filings

Last verified Sep 29, 2026

2024 base rate case: 2025 increase with 2026 and 2027 steps

Base rate case · Electric

In effect

Typical residential bill (1,000 kWh/month)

  • +$9.14/mostarting January 2025 (+6.7%)Whole-bill change to $145.58; Tampa Electric attributes it to the base rate adjustment plus fuel and other charges.
  • +$8.88/mothen from January 2026 (+5.3%)Whole-bill change to $176.89 (bill then still included the storm surcharge); Tampa Electric attributes $5.51 to the 2026 base step and the rest to fuel and other charges.

Combined: +$18.02/mo

Filed
April 2, 2024
Decided
December 3, 2024
Effective
January 2025
Requested increase
$296.6 million
Approved increase
$185 million
Docket
20240026-EI

Tampa Electric asked for $296.6M for 2025 (later revised to $287.9M) plus 2026 and 2027 steps. The PSC decided on Dec 3, 2024 (final order Feb 3, 2025) to allow $185M in 2025, then $86.6M in 2026 and $9.1M in 2027, at a 10.5% ROE midpoint. Two consumer groups appealed to the Florida Supreme Court and the Office of Public Counsel sought reconsideration.

Utility's stated reasons

  • faster power restoration and fewer outages
  • fuel-saving plant upgrades and solar
  • energy storage
  • grid technology
Sources (6) · Verified against regulator or utility filings

Last verified Sep 29, 2026

What it could mean for your bill

Sources state the impact for one typical home. Enter your own usage or bill for a rough estimate.

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Who decides

Utility website: www.tampaelectric.com

Related

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Last checked Oct 2, 2026. Spotted something out of date? Tell us.