ATLANTA, May 17, 2016 /PRNewswire/
-- The Georgia Public Service Commission (PSC) today
approved Georgia Power's plan to reduce its fuel rates by an
additional 15 percent. 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. 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.
The latest reduction is a result of the company's efficient
management of its generation fleet and business and is driven by
lower natural gas prices due in part to increased natural gas
supplies. Due to proactive planning and a continued commitment to
developing a diverse and balanced generation portfolio, Georgia
Power 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. 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 (the parent company of Georgia Power) and AGL
Resources.
Georgia Power consistently offers rates that are below the
national average. Over the past 26 years, the company's total
retail rate has averaged more than 13 percent below the national
average. The company's total retail price of 9.22 cents per kilowatt-hour at the end of 2015
was more than 14 percent below the national average. Georgia Power
also works every day to help customers save money and energy
through a variety of energy efficiency programs and services
ranging from easy energy tips and rebates to energy tracking tools
such as My Power Usage and in-home energy audits.
To learn more about how Georgia Power delivers rates below the
national average, cultivates a diverse energy mix to ensure
reliable and affordable power, as well as free energy services and
programs available for customers,
visit www.georgiapower.com.
About Georgia Power
Georgia Power is the largest
subsidiary of Southern Company (NYSE: SO), one of the nation's
largest generators of electricity. Value, Reliability,
Customer Service and Stewardship are the cornerstones of the
company's promise to 2.5 million customers in all but four of
Georgia's 159 counties. Committed
to delivering clean, safe, reliable and affordable energy at rates
below the national average, Georgia Power maintains a diverse,
innovative generation mix that includes nuclear, 21st century coal
and natural gas, as well as renewables such as solar, hydroelectric
and wind. Georgia Power focuses on delivering
world-class service to its customers every day and the company is
consistently recognized by J.D. Power and Associates as an industry
leader in customer satisfaction. For more information,
visit www.GeorgiaPower.com and connect with the company
on Facebook (Facebook.com/GeorgiaPower) and Twitter
(Twitter.com/GeorgiaPower).
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SOURCE Georgia Power