The most common electric providers in the Central Florida area are Duke Energy, OUC, KUA, FPL, and TECO. Some are better than others. They are all private owned businesses though. The number 1 priorities for businesses are to produce a profit for the company, and a dividend for their shareholders.
Normally when you are not satisfied with a business you are able to search for better results through another business.You do not have that option with your electric provider because not only are they a private owned corporation, but they are also a monopoly. The business definition of monopoly is as follows-
Market situation where one producer (or a group of producers acting in concert) controls supply of a good or service, and where the entry of new producers is prevented or highly restricted. Monopolist firms (in their attempt to maximize profits) keep the price high and restrict the output, and show little or no responsiveness to the needs of their customers. Most governments therefore try to control monopolies by (1) imposing price controls, (2) taking over their ownership (called 'nationalization'), or (3) by breaking them up into two or more competing firms. Sometimes governments facilitate the creation of monopolies for reasons of national security, to realize economies of scale for competing internationally, or where two or more producers would be wasteful or pointless (as in the case of utilities).
Since the same people that are supposed to protect us from monopolies are lobbied by, and accept political contributions from these same monopoly corporations, you as an electric consumer have no option to take your business else where, and little to no recourse for the monopoly's actions.
For many years corporate utility lobbyists fought and made it difficult for homeowners to go solar and for it to also be beneficial for them. Florida Statutes have changed here in the last few years where this is no longer the case. Most people are still unaware of this, and your utility providers are now going solar under the pretense of GOING GREEN. For all of the years we were blocked of having the many benefits of being a solar producer, they are now becoming solar producers. Why? They realize most people never read their bills, and are unfamiliar with the benefits of solar. With the extra fees and charges you never read on your bill, they have used money to accumulate rural land all over the state to build solar fields. Why? The price of solar panels has gone down nearly 90% since 2010. Using that same money they overcharged you with is allowing them to go solar, and charge you even more while they increase their profits. It costs a little over $100 to produce 1000 kilowatts of electricity with coal. It only costs around $50 to do the same with solar panels. So not only have you paid for their solar fields, you have doubled their profits as well.
The annual percentage rise between our local Central Florida utility providers is 3.3%. When one monopoly gets more money, the others normally try to manufacture a way to follow suit. Between 2004 and 2014 Duke Energy went up 50%. In 2018 they asked for 8.5% increase. Shortly after having a solar field go live in Osceola County last year they were asking for another rate increase. Now the electric providers are looking to have us pay another separate fee to begin burying power lines.This is something they should have done years ago with us being a hurricane prone state. Unfortunately monopolies care very little for their consumers, and would much rather have the consumer pay for their shortcomings rather than interfere with their profits or their shareholders dividends.
Is there anything you can do about what's going on with these situations with you monopoly? As an electric consumer probably very little to nothing. We have families and homes, and living without electricity is not an option for probably 99% of us. We will all pay this bill until the day we die.All of us except the people that are becoming aware of the opportunity to break out of being an electric consumer, and becoming an electric producer instead. Most people like myself before I went solar thought that only rich people could afford this. For the people whose roofs qualify, and are eligible for the expiring Federal Solar Tax Credit, are paying nothing out of pocket to start saving immediately, and breaking away from their monopolies and achieving energy independence. The monopolies hate losing consumers like you!
There are several different qualifiers for solar. Not everyone will meet all criteria necessary to be eligible, or for this to be beneficial. It normally takes less than hour to figure everything out. If you are someone who qualifies, is eligible, and immediately saving money now and for the big picture this should be a no brainier if you are working with a caring expert and professional that is looking to truly help you with your needs and desires.