Georgia Power rate increase approved
SAVANNAH, Ga. (WTOC) - Georgia Power customers will see an increase in their monthly bill starting in January following a vote from the Public Service Commission.
Over the next three years the plan is projected to cost customers an extra $1.77 billion, according to the Associated Press.
Your base rate fee will stay the same for now at $10. However, expect that number to go up in the next few years.
Here's what you can expect going into the new year. Customers will pay more for electricity starting next month. Your kilowatt per hour charge will increase.
Households that use around 1,000 kilowatt hours a month will see about a $6 increase on their bill. And that number only goes up from there over the next three years.
In total, once the rate hike has been fully phased in at the end 2022, Georgia Power customers are looking at paying an average of about $175 more per year.
Why does Georgia Power say it needed the extra money?
They say this increase will be used to cover risings costs for projects, including Hurricane Michael repairs and rebuilding.
If you’re nervous about being able to afford the increase Georgia Power does offer payment assistance.
For more information on the Energy Assistance Program, please click here.
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