Experts estimate that demand is growing by nearly 3% annually, with even sharper spikes during the summer months. In fact, last year’s summer peak demand jumped by 10 gigawatts—twice the increase seen the year before.

If approved, the rate hike would gradually increase customer bills through 2029. FPL argues that the higher rates are necessary to ensure reliable service and to support infrastructure expansion in response to Florida's rapidly growing population.

One major factor accelerating the crisis is the expansion of Fannie Mae’s “blacklist,” which now includes over 1,400 Florida condo associations.

Florida has emerged as a leader in solar energy. In 2024, the state surpassed California in new utility-scale solar capacity. However, although the advantages of solar energy should be clear, the reality is more complicated.