Florida has relatively high electric costs because the state’s utilities have a fuel mix more dependent on natural gas than neighboring states, which rely more on coal and nuclear energy, according to a study released by the Florida Public Service Commission (PUC). Power generated using natural gas costs about 10 cents/kWh, that generated with coal costs about 3 cents/kWh, and nuclear power “has minimal fuel costs but requires a large capital investment,” the PUC said. Residential customers in the state are believed to pay 10-20% more for electricity than customers in other Southeast states. The study was conducted by the Public Utility Research Center at the University of Florida‘s Warrington College of Business.

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