Georgia Power customers to save at least $100 a year - WTVM.com-Columbus, GA News Weather & Sports

Georgia Power customers to save at least $100 a year

© Copyright www.SeniorLiving.Org. All rights reserved. © Copyright www.SeniorLiving.Org. All rights reserved.
(WTVM) -

Ifyou are a Georgia Power customer, expect to see a present on your next billingstatement. The Public Service Commission recently approved a ratereduction.  

The average customer who uses about 1,000 kilowatt hours will see about an $8price break each month.  The change in price is due to a reduction in costto generate electricity. 

"With so much bad news surfacing these days, it is nice to be able to sayyour summer electric rates won't be quite as high," says CommissionChairman Tim Echols. "Having a diverse energy mix that includes naturalgas-fired electricity has made this possible."

Under Georgia Law, GeorgiaPower is entitled to recover fuel costs associated with generating electricity.

Abouta decade ago, prices for coal, natural-gas and other sources dramaticallyincreased. At one time, the under-recovered balance reached close to $1billion.  That balance was paid off on March 31 – making it timely to givecustomers a break.  

Commissioners Lauren McDonald, Jr. and Doug Everett echoed. "I am excitedthat we have paid off this balance and adopted a sound policy goingforward," said Commissioner McDonald. Commissioner Everett added, "Itis a great day for Georgia Power customers who will see their average powerbill drop by nearly $100 a year."

Expect to see the changes on your billing statement after June 1.

Copyright 2012 WTVM. Allrights reserved. 

Powered by Frankly