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

Georgia Power customers to save at least $100 a year

If you are a Georgia Power customer, expect to see a present on your next billing statement. The Public Service Commission recently approved a rate reduction.  

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

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

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

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

Commissioners Lauren McDonald, Jr. and Doug Everett echoed. "I am excited that we have paid off this balance and adopted a sound policy going forward," said Commissioner McDonald. Commissioner Everett added, "It is a great day for Georgia Power customers who will see their average power bill drop by nearly $100 a year."

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

Copyright 2012 WXTX. All rights reserved. 

Powered by Frankly