Average Electric Bill in Florida

We dug into the U.S. Energy Information Administration’s data[1] to look at the average monthly electric bill for Florida residential households. These averages are for the full year of 2018, not any specific month of 2019, given that electricity usage & prices fluctuate month-to-month.

$128.1
average monthly residential electric bill in Florida
*This is 8.9% greater than the United States national average, which is $117.65.
11.54¢/kWh
average residential electric rate for households in FL
*This is 10.3% less than the United States average, which is 12.87¢/kWh.
1,110 kWh
average monthly residential electricity consumption in CT
*This is 21.4% greater than the national average (914 kWh) & the 15th lowest in the U.S..
9th
Florida ranking for highest electric bill in the United States
*Relative to average monthly household income (3.02%), DL has the 9th highest bill.

 

Why Are Electric Bills in Florida Comparatively High?

The two factors that make up the cost an electric bill are (1) cost and (2) consumption. Looking at each, you may be delighted by the moderate decrease in electrical prices (10.3%) and surprised at the sharp increase in electricity consumption when compared to the national average (21.4%). The increase in electricity consumption isn’t all that surprising, however, once you take into account the urgent need for cooling in the state. After all, Florida is a very hot–and humid–state.

Reasons for Low Electricity Rates in Florida

With electricity rates being 10.3% less than other states, it’s important to understand what makes electricity more or less expensive. The factors affecting this number are:

  1. Supplyan increase in the supply of energy brings costs down. For example, weather events such as high amounts of rain or high wind speeds can temporarily increase the supply of energy where there are hydropower plants or wind turbines to take advantage, and as a result, lower electricity rates.
  2. Demand – an increase in the demand for energy causes costs to rise. This is because the use of more costly fuels, such as natural gas, help “fill in” for the rise in demand. For example, a heat wave might temporarily increase the demand for cooling and the subsequent need for fuels, and as a result, raise electricity rates.

Additional factors that impact electricity rates include state & federal regulations, global markets and even financial speculation.

Reasons for High Electricity Consumption in Florida

Because Florida consumes much more electricity than the average state (21.4%), it’s important to understand exactly what electricity is used for. The EIA looked at the end uses of electricity in the average American household and found the following breakdown:

EXAMPLE

“Other uses” includes small electric devices, heating elements, exterior lights, outdoor grills, pool and spa heaters, backup electricity generators, and motors not listed above. Does not include electric vehicle charging.

Tips for Lowering Electric Bill

  • Reduce space heating/cooling– given that heating & cooling make up a large part of the average electric bill, increasing energy efficiency in this area can have arguably the biggest impact on your bill. Here are some things you can do to reduce your usage in this area:
    • Use a programmable thermostat (can reduce heating/cooling by ~10%)
    • Use extra insulation
    • Dress up/down to the temperature
    • Replace your air filter more often
    • Check seals on windows/doors/appliances for openings/leaks
  • Reduce water heating – one of the next biggest portions of the average electric bill is from water heating, which can be reduced by showering at lower temperatures, taking shorter hot showers and by lowering the temperature on the water heater itself (ideally to 120 degrees Fahrenheit). 
  • Adjust fridge & freezer temperatures – ideally, your fridge should be at 38 degrees and your freezer at 5 degrees Fahrenheit.

Where Does Florida Get Its Electricity From?

According to the EIA, Florida is the 4th-largest state when it comes to electricity consumption. With that in mind, we must ask ourselves one question: where do they get all that electricity?

Most of Florida’s electricity comes from natural gas, and the state’s dependency on coal has fallen in the past few years. On the flip side, dependency on renewable energy has been increasing, with solar power being particularly helpful when it comes to the state’s electrical production.

[1] Data from: https://www.eia.gov/electricity/data.php#sales 

Read About Electric Bills in Other States