Reduced Fuel Rates for Georgia Power Customers
According to an article released by the Georgia Public Service Commission last week, a decrease in the Fuel Cost Recovery (FCR) rate for Georgia Power Company customers has been unanimously approved. The reduction is predicted to save the average residential customer using 1,000 kilowatt hours about $5.00 a month for a total reduction of 14 percent on their monthly bill.
The Commission approved an agreement between the Company and the Commission Public Advocacy Interest Staff that increased the reduction from the Company’s original filing on September 18, 2015.
The Company’s filing indicates the falling price of natural gas is a key reason for the decrease.
“We are pleased we can lower Georgia Power customers’ rates and give consumers a price break, especially at this time of year,” said Commission Chairman Chuck Eaton.
“Keeping rates low, making our military bases more resilient, growing solar in Georgia without a subsidy, protecting our gas pipelines, and providing needed services for the hearing impaired–all important duties of the Georgia PSC,” said Commissioner Tim Echols. “It is my honor to serve my fellow citizens in this capacity.”
For more complete information, refer to the filings on line in Docket Number 39971 available on the Commission web site at www.psc.state.ga.us.