ATLANTA — The fuel portion of Georgia Power bills will drop 15 percent following regulators’ acknowledgement Tuesday of a decline in the cost of natural gas used in generating energy.
The average residential customer should save about $4.60 per month starting in June.
State law requires the cost of fuel be passed along to customers, with no utility profit. That means customers’ bills rise when fuel prices go up, and must drop when fuel prices go down, even though the utility and the elected officials on the Public Service Commission might want to take credit for customers’ lower bills.
Global gas prices have been on a downward trend due to the success of fracking techniques in producing an oversupply. In January, the commission approved a similar reduction, and when combined with the June reduction, customers will save nearly $10 per month compared to a year ago.