The Georgia Public Service Commission approved a plan on May 28 to lower overall rates for Georgia Power customers, resulting in annual savings of approximately $50 per year, or $4.04 per month, for the typical residential customer using an average of 1,000 kilowatt-hours each month. The total annual savings across all Georgia Power customers will amount to about $285 million.
The commission’s decision follows a stipulated agreement reached earlier in May between Georgia Power and the Public Interest Advocacy Staff of the commission. The agreement stemmed from two cases filed in February: the Fuel Cost Recovery case and the Storm Cost Recovery case. These cases sought recovery of fuel costs required to operate power generation plants and costs associated with restoring electric service after storms, particularly following Hurricane Helene in 2024.
Tyler Cook, chief financial officer and treasurer for Georgia Power, said, “Today’s vote by the Georgia PSC will bring lower rates and real savings for Georgia families and businesses as the heat of summer begins and energy use increases, which can lead to higher bills.” Cook also said that company teams work daily to run operations efficiently while maintaining reliable and affordable energy supply. “We appreciate today’s approval by the Georgia PSC of this plan, following months of hard work by our teams and Georgia PSC staff, robust review and open hearings, as well as engagement by members of the public and intervenors.”
Georgia Power has provided energy services in the state for more than 140 years. Since 1990, it has offered rates averaging 15 percent below national averages while providing flexible rate plans for both residential and business customers.
Company representatives say that continued population growth in Georgia—along with new large-load customers such as data centers—has helped spread fixed costs across a broader base. This growth enabled an earlier base rate freeze and is expected to protect residential and small business customers going forward. As a result of these developments, company officials have committed to provide annual savings of $102 per year for typical residential customers beginning in 2029.
