Georgia Power Customers Brace for Another Rate Hike in January 2025

Georgia Power customers will see their electricity bills increase once again starting January 2025, as the Georgia Public Service Commission (PSC) has approved a new rate hike. This marks the sixth increase in just three years, continuing a trend of rising energy costs for residents across the state. 

The latest 3.5% rate increase will result in an average monthly bill increase of $5.85 for typical residential customers using 1,000 kilowatt-hours per month.  This adjustment comes on top of previous hikes, bringing the total increase to approximately $43 per month for the average household since 20236.Georgia Power cites several factors contributing to the rate increase:

1. Investments in upgrading the power grid
2. Developing new energy sources
3. Covering excess fuel expenses
4. Costs associated with completing two nuclear power generators at Plant Vogtle6

While the company maintains that its retail rates have averaged 15% below the national average since 1990, the continuous increases are putting pressure on Georgia residents. The impact is particularly significant given the current economic climate and inflationary pressures faced by many households. 

To mitigate the effects of rising costs, Georgia Power encourages customers to explore energy-saving measures and consider different rate plans that may better suit their needs. The company also points to a recent $122 million customer savings initiative approved by the PSC, which will partially offset the rate increase starting in January 2025. 

As energy costs continue to climb, some Georgians are exploring alternative options such as solar power to gain more control over their electricity expenses. With more rate hikes potentially on the horizon, particularly as Plant Vogtle Unit 4 nears completion, consumers are increasingly seeking ways to manage their energy costs in the long term