2013-07-03 / News

Electric rates may go up 6 percent

By Anne Marie Kyzer

Georgia Power customers may see their electric rates go up.

Georgia Power has asked the Georgia Public Service Commission (PSC) for permission to increase its base rates approximately $482 million, or 6.1 percent.

If the request is approved, the typical residential customer using 1,000 kilowatt-hours per month would see an increase of about 6.7 percent, or $7.84. The change in rates would go into effect Jan. 1, 2014.

According to Georgia Power, the request was made so it can to recover the costs of investments in infrastructure including environmental controls, transmission and distribution, generation, and smart grid technologies.

The PSC will hold public hearings in October and November and is expected to make a final decision Dec. 17.

Though consumer groups have expressed concern over the request to increase rates, Georgia Power issued a statement stressing that it still consistently offers rates that are below the national average. Over the past 26 years, the company’s total retail rate has averaged more than 13 percent below the national average. Since 1990, its base price has increased by 23 percent, compared to a 76 percent increase for general inflation.

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