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TALLAHASSEE, Fla. — Florida Power & Light customers will see their electric bills increase starting in January after the state's Public Service Commission (PSC) on Thursday approved a $7 billion rate hike. This is the utility's biggest rate hike in its history.

FPL initially requested a nearly $10 billion rate increase over four years, but after significant public outcry, the utility reached a settlement that reduced the request by almost 40%.

WATCH BELOW: FPL customers sound off ahead of rate hike approval Rising Florida Power and Light rates leaves customers in need of resources

The commission determined that average customers will face monthly

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