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    Georgia Power wants to increase electricity prices


    September 21, 2022 - Axios

     

      Georgia Power wants to hike electricity prices 12% over the next three years — but not before giving the chance to make your voice heard.

      Why it matters: Georgia Power provides electricity to more than 2 million people in 155 of the state's 159 counties.


      Details: Starting next Tuesday, the Georgia Public Service Commission — a five-member body of elected officials who decide how much you pay to turn on your lights and heat up your oven — will accept public comments on the rate hike.

      • Comments will be heard before the hearing and will also be accepted by email.

      Of note: The PSC recently changed its public comment rules, a move that sparked protests from some clean-energy and public-interest groups.

      By the numbers: Georgia Power says the typical ratepayer would see monthly bills go up $14.32 next year per bill, with smaller increases ($1.35, $0.62) in the following years.

      • That additional cash will be re-invested in improving the transmission grid, working toward a goal of adding 6,000 megawatts of renewable energy by 2035, and more, the utility says.

      Yes, but: Large industrial customers, however, will see 6% higher bills, the Southern Alliance for Clean Energy said earlier this year. Smaller businesses will see a similar increase to typical residential ratepayers.

      • The organization says Georgia Power's spending plan fails to increase renewable energy options like rooftop solar.

      What's next: After next week’s hearings, the PSC will hold additional meetings in November. A final vote is expected in late December.

      (Get Axios in you inbox: Click Here)


      The views expressed in content distributed by Newstex and its re-distributors (collectively, "Newstex Authoritative Content") are solely those of the respective author(s) and not necessarily the views of Newstex et al. It is provided as general information only on an "AS IS" basis, without warranties and conferring no rights, which should not be relied upon as professional advice. Newstex et al. make no claims, promises or guarantees regarding its accuracy or completeness, nor as to the quality of the opinions and commentary contained therein.

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