Georgia Power customers to see $18 reduction on October bills
One-time credit of $13 and fuel cost reduction of $5.32 combine for additional customer savings
Customer bill credits in 2020 total more than $46
ATLANTA, Oct. 1, 2020 /PRNewswire/ -- Georgia Power's typical residential customer using 1,000-kilowatt hours per month, will receive an estimated $13 credit on their Georgia Power bill this month. This reflects implementation of a one-time $61.6 million credit for customers, approved in September by the Georgia Public Service Commission (PSC), as a result of Georgia Power's 2019 financial results.
Pairing the October credit with lower fuel rates implemented at the start of summer, the typical residential customer will see a reduction of more than $18 this month.
The amount each customer receives will vary based on their 2019 usage. Georgia Power will apply the credit to October bills for customers who had active accounts as of December 31, 2019, and are still active or receiving a final bill as of October 2020. This is the third credit that customers will receive this year, totaling more than $46 for the typical residential customer.
Relief on summer bills
Additionally, the Georgia PSC approved in May, Georgia Power's plan to reduce its fuel rates by 17.2 percent and total billings by approximately $740 million over a two-year period, and lower the total monthly bill by approximately $5.32 for the typical residential customer beginning June 1, 2020. Customers received a special interim reduction to provide additional relief during the COVID-19 pandemic through even lower fuel rates over the 2020 summer months. The lower fuel rate and special interim reduction lowered the total bill of a typical residential customer by a total of $10.26 per month from June through September 2020.
February bill credit due to 2017 tax law savings
To learn more about how Georgia Power delivers rates below the national average, cultivates a diverse energy mix to ensure clean, safe, reliable and affordable power, as well as free energy services and programs available for customers, visit www.georgiapower.com.
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For further information: Georgia Power Media Relations, (404) 506-7676 or (800) 282-1696, www.georgiapower.com