New rates help utility keep pace with Florida’s growth and evolving customer needs and expectations
Today, the Florida Public Service Commission (PSC) unanimously approved Peoples Gas’ proposed settlement for a base rate increase that takes effect in January 2026.
As a result of the settlement, typical residential customers, with annual consumption between 100 and 249 therms and billed at the RS-2 rate, will see an increase of about $8.50 to their total monthly bills in January. Typical commercial customers, with annual consumption between 2,000 and 9,999 therms and billed at the GS-1 rate, will see an increase of about 2% to their total monthly bills in January, including fuel costs.
“This settlement helps to strengthen our commitment to fuel Florida’s future with clean, safe and resilient natural gas,” said Helen Wesley, president and CEO of Peoples Gas. “This is a fair resolution for our more than 500,000 customers across the state, and we could not have achieved it without the dedicated effort of all parties working together to reach this constructive agreement.”
The settlement was reached between Peoples Gas, the Office of Public Counsel and the Florida Industrial Power Users Group, and ends the formal rate request process that the utility began earlier this year.
Detailed information about customer bill impact is available at PeoplesGas.com/rates.
Peoples Gas’ base rates are a component of the “Customer Charge” and the “Distribution Charge” line items on a customer’s bill. They cover the costs of the pipes, maintenance and customer service to deliver natural gas to its point of use, but they do not include the cost of the natural gas itself. The other portion of a typical bill is made up of charges passed through to customers from natural gas suppliers and municipalities with no markup or profit to Peoples Gas.
Founded in 1895, Peoples Gas System Inc. has grown to become Florida’s largest natural gas distribution utility, delivering safe, clean, affordable and reliable natural gas to more than 500,000 homes and businesses across the state. Through investments in people, technology and infrastructure, the company is committed to fueling Florida responsibly and sustainably. Peoples Gas is a subsidiary of Emera Inc., a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, Canada. To learn more about the benefits of natural gas for Florida, visit FloridasEnergy.com. Find more information about the company, career opportunities and community investments at PeoplesGas.com.
