Atlanta, May 28, 2020 – The Georgia Public Service Commission on Thursday approved a 17.2 percent fuel-rate reduction for Georgia Power over the next two years, according to a press release received Thursday.
The reason for the rate drop was due to the lower costs of fuel.
The release went on to say that Georgia Power customers will also receive a rate cut through September due to an additional temporary reduction in fuel rates – the summer months typically reflect the heaviest electricity usage by residential customers.
Georgia Power officials estimated that the combined fuel-rate cut and interim additional temporary cut will save average household customers, who use 1,000 kilowatt-hours per month, $10.26 per month on their power bills through September 2020.
“I’m just glad, in Georgia, we ensure our diverse energy mix can help save Georgians money,” said Georgia Public Service Commissioner Jason Shaw. “That is especially true during the current health crisis.”
“Since the last fuel-rate adjustment, the partnership between the Public Service Commission and Georgia Power has resulted in the renewable-energy sector gaining a near 300-percent increase within our energy mix,” Commissioner Lauren “Bubba” McDonald said. “Today’s adjustment and our faith in renewables represent direct savings to the consumer.”
“This bill decease couldn’t come at a better time for Georgia Power customers,” said Commissioner Tim Echols. “A typical residential customer using an average of 1,000-kilowatt hours will save over $10 per month this summer.”