Ga. Power Announces Fuel Cost, Rate Reduction

A state decision will result in a drop in the monthly bill for a Georgia Power customer.

On Tuesday, the Georgia Public Service Commission approved Georgia Power’s plan to reduce its fuel rates by an additional 15 percent.

Georgia Power said the reduction is expected to lower the total monthly bill of the typical residential customer using 1,000 kilowatt-hours per month by approximately $4.60, beginning June 1.

The company went on to say that when combined with a previous fuel rate reduction which went into effect in January, the same Georgia Power residential customer will pay nearly $10 less in fuel costs each month.

According to a press release from Georgia Power, the company says the latest reduction is a result of the company’s management of its generation fleet and business and is driven by lower natural gas prices due in part to increased natural gas supplies.

Georgia Power said that due to proactive planning and a continued commitment to developing a diverse and balanced generation portfolio, the company is able to take advantage of lower natural gas prices and pass the savings along to customers.

In addition to the reduction in fuel rates, Georgia Power also recently announced its base electric rates will remain flat through 2019.

The company said this three-year base rate assurance for all of the company’s 2.5 million customers was part of the decision by the Georgia PSC to approve the pending merger of Southern Company, which is the parent company of Georgia Power, and AGL Resources.