MIAMI (AP) – Florida Power & Light officials say the company is planning to reduce electric rates next year. FPL announced Wednesday that long-term investments in efficiency and low fuel prices are continuing to generate savings for customers. The new rates that FPL is proposing to the Florida Public Service Commission should save a typical 1,000-kWh residential customer about $2.50 a month in 2016. The company says businesses will also see lower rates, with a 2-6 percent drop in their bills. FPL says its typical residential customer pays about 30 percent less for electricity than the national average. Use the FPL rates calculator to determine your estimated monthly savings.