Georgia Power Rate Freeze Approved by PSC

The Georgia Public Service Commission (PSC) has approved a rate freeze for Georgia Power customers, ensuring that their electricity rates will not increase for the next three years. This decision comes after months of negotiations and discussions between Georgia Power and the PSC.

What is a rate freeze?

A rate freeze is a temporary halt on any increases in electricity rates for customers. This means that the amount customers pay for their electricity will remain the same for a set period of time, regardless of any changes in the market or company expenses.

Why was the rate freeze approved?

The PSC approved the rate freeze in order to provide stability and relief for Georgia Power customers during the ongoing COVID-19 pandemic. With many people facing financial hardships, a rate freeze will help alleviate some of the financial burden for customers.

What does this mean for Georgia Power customers?

• Customers will not see an increase in their electricity rates for the next three years.
• The rate freeze will provide financial stability for customers during the pandemic.
• Customers will still have access to reliable electricity service.

What’s next?

The PSC and Georgia Power will continue to work together to ensure that customers are receiving fair and affordable rates. The rate freeze is just one step in this ongoing process.

Summary

The Georgia Public Service Commission has approved a rate freeze for Georgia Power customers, providing financial stability and relief during the COVID-19 pandemic. This means that customers will not see an increase in their electricity rates for the next three years. The PSC and Georgia Power will continue to work together to ensure fair and affordable rates for customers.