Tallahassee, FL — Today, the Florida Public Service Commission (PSC) approved a rate hike for Tampa Electric (TECO) customers. Come January, Food & Water Watch analysis finds that the average TECO customer bill will be 82% higher — $939/year more — than just five years ago in December 2020. 

In response to today’s vote, Food & Water Watch Florida Organizer Isabella Moeller stated:

“Once again, DeSantis’ PSC is maintaining their track record of ensuring the wealth of corporations over the health of Floridians. By raising energy prices yet again, the Florida families already suffering from the high cost of living will only be worse off. It doesn’t have to be this way.

“This era of corporate greed over community need must stop. The Florida state legislature must prioritize passing affordable energy legislation this session to ensure that families can afford the basic cost of living. Without commonsense legislation, corporations like TECO will continue to profit off of struggling families’ backs.”

With today’s approved rate hike, the average TECO residential customer using 1000 kWh/month will pay $5.51 more each month, starting in January. This increase adds to three previous rate increases that Tampa Electric customers already saw in 2025; 

• January 2025: $9-13 more per month indefinitely, due to approved base rate increase
• March 2025: $20-25 more per month for 18 months, due to approved storm recovery costs
• June 2025: 10% increase in customer fuel charges