Good News, Georgia: power bills may stay put through 2028
Georgia Power customers may see some relief in their monthly bills, as a new proposal aims to freeze base electricity rates for at least the next three years.The Georgia Public Service Commission (PSC) and Georgia Power announced the agreement Tuesday, describing it as a move to bring stability to energy costs for consumers. The average monthly bill for a Georgia Power customer currently stands at $163.57.PSC Chairman called the proposal a “very big deal” during Tuesday’s announcement.The plan also appears to put a halt to previously discussed rate hikes intended to cover restoration costs from Hurricane Helene. According to a recent Securities and Exchange Commission (SEC) filing, Georgia Power estimates the hurricane caused about $870 million in damages.The five-member PSC is expected to vote on the proposed rate freeze during a meeting scheduled for Wednesday.If approved, the freeze would take effect immediately and remain in place through at least 2028.
Georgia Power customers may see some relief in their monthly bills, as a new proposal aims to freeze base electricity rates for at least the next three years.
The Georgia Public Service Commission (PSC) and Georgia Power announced the agreement Tuesday, describing it as a move to bring stability to energy costs for consumers.
The average monthly bill for a Georgia Power customer currently stands at $163.57.
PSC Chairman called the proposal a “very big deal” during Tuesday’s announcement.
The plan also appears to put a halt to previously discussed rate hikes intended to cover restoration costs from Hurricane Helene. According to a recent Securities and Exchange Commission (SEC) filing, Georgia Power estimates the hurricane caused about $870 million in damages.
The five-member PSC is expected to vote on the proposed rate freeze during a meeting scheduled for Wednesday.
If approved, the freeze would take effect immediately and remain in place through at least 2028.