Q&A of the Day ā How FPL Generates PowerĀ Ā
Each day I feature a listener question sent by one of these methods.Ā Ā
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Todayās entry: Submitted via talkbackĀ
Bottom Line: This isnāt the first time Iāve received a question about where our electricity is coming from in Florida, and itās not the first time Iāve addressed it. Most recently I analyzed this in February of last year in a Q&A. That said, itās a great question and thereās a lot thatās been changing with power generation in the state of Florida. When I last addressed this the question pertained to power production in the state generally, as opposed to FPL specifically. Iāll start there because it tells a story of just how quickly power generation is changing, commonly away from traditional fuel sources & towards more environmentally friendly methods.Ā Ā
According to the U.S. Energy Information Administration. Here are the facts about Floridaās power.Ā Ā
- Floridaās now the 2nd leading producer of power nationallyĀ Ā
- 73% of Floridaās power is derived from natural gas (-2% yoy)Ā
- 12% from nuclear power (flat)Ā
- 6% from coal (-3% yoy)Ā
- 7% from renewables led by solar (+3% yoy)Ā
- Petroleum (1% - +1%)Ā
Whatās interesting about this is we can see that over the last year Floridaās utility companies as a whole have reduced traditional fuel sources used to generate power by a net 4%, replacing it with renewables ā mostly in the form of solar. 4% might not sound like a lot, but in the grand scheme of Floridaās power generation which is the 2nd largest in the country ā with ever growing demand ā from significant population growth, making that big of a shift seamlessly inside of a year is a pretty big deal. So now about whatās happening with FPL. Hereās how their power is specifically generated (as of the end of last year):Ā
- 78% Natural GasĀ
- 12% NuclearĀ
- 10% SolarĀ
So, we see FPLās use of nat gas is above state average, while their use of nuclear power is right in line with the state average. Meanwhile FPL isnāt using any coal or petroleum power generation and is using 3% more renewable energy (solar), a figure thatās 43% better than the average of all Florida utility companies. So, FPLās enviro friendly messaging is backed up by whatās actually happening compared to the industry within Florida and across the country. On that note, of large utility companies nationally, FPL currently ranks 2nd nationally in overall energy efficiency as measured by the US Department of Energy.Ā Ā
Coming into this decade FPL announced their 30-by-30 plan of converting 30% of their power generation over to solar by 2030. The last major update we heard regarding FPLās decade long project was last summer when they announced they were already 40% of their way towards the solar project buildout necessary to meet the 2030 objective. At last word FPL had 42 solar energy centers scattered throughout the state so it's evident consistent conversion from natural gas to solar will continue at FPL ongoing.Ā Ā