The City of Homestead is informing residents of upcoming electric rate adjustments that will take effect in early 2026. These changes will impact customers served by Florida Power & Light (FPL) as well as those served by the City’s municipal utility, Homestead Public Services (HPS) Energy. While both utilities will experience increases, it is important for residents to understand which provider supplies their electricity.
Recently, the Florida Public Service Commission (FPSC) approved a new multi-year rate plan for Florida Power & Light, which will result in incremental electric rate increases for FPL customers over the next four years starting January 2026.
Similarly, HPS Energy customers will also see an electric rate adjustment beginning in February 2026. These adjustments are necessary to address rising fuel and operational costs, as well as to support continued investments in critical infrastructure upgrades that strengthen system reliability.
“These investments are essential to maintaining a resilient electric grid,” said Barbara Quinones, Director of HPS Energy. “In Florida, where severe weather events are increasingly common, infrastructure improvements help reduce outages, speed up restoration times, and ensure long-term service reliability.”
The City encourages residents to review their utility provider to better understand how these changes may affect their household. Residents served by FPL should refer directly to FPL, while HPS Energy customers can find additional information through Homestead Public Services.
The City of Homestead remains committed to transparency and will continue to keep residents informed about utility-related matters that impact the community.
For more information, residents may visit:
- Florida Power & Light: www.fpl.com
- Homestead Public Services: www.homesteadfl.gov/energyrates