HILLSBOROUGH COUNTY, Fla. – Tampa Electric customers will soon start paying more for electricity.

The Florida Public Service Commission approved rate hikes this week for Tampa Electric.

What You Need To Know

Tampa Electric customers will soon start paying more for electricity

The Florida Public Service Commission approved rate hikes this week for Tampa Electric

The rate hikes will take effect in January

The increase will come out to about $5.50 more each month. Those rate hikes will take effect in January.

Customers have already spent much of the past year paying more for costs associated with storm recovery.

Those costs will remain in place through next summer so you may see your bill go down a bit in September of 2026.

Meanwhile, Duke Energy customers are getting better news.

The PSC approved the utility’s request to lower customer’s bills next year. Duke said starting in march, customers can expect a $44 decrease per 1,000 kilowatt hours used.