Georgia Power customers should see savings of about $5 per 1,000 kilowatt hours on their bills after a Georgia Public Service Commission decision to decrease the fuel cost recovery rate for the company’s customers.
By state law, the fuel rate — which is what Georgia Power pays for fuel to generate electricity — is a direct pass-through cost to customers, meaning Georgia Power cannot earn a profit on it.
Editor's note: A previous version of this story indicated the wrong percentage customers' bills would decrease by. While the fuel costs will go down by 14 percent, the overall savings will be much smaller.