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Georgia PSC Approves Rate Freeze for Georgia Power

On July 1, 2025, the Georgia Public Service Commission (PSC) confirmed a significant plan to keep Georgia Power's base rates stable, ensuring affordable electricity through at least the end of 2028. This decision comes as a response to the growing demand for electricity in Georgia amid robust economic development and an expanding job market. The rate freeze reflects the agreement reached between Georgia Power and the PSC in May, extending an existing rate plan initiated in 2022.

This stability in pricing is crucial in a state that is witnessing extraordinary growth, characterized by increased electricity usage driven by business expansions and heightened economic activity. Georgia Power, serving over 2.8 million customers, has been actively collaborating with the Georgia PSC, local government officials, and community leaders to create strategies that support the evolving energy needs of the population. Their commitment to balancing reliable energy delivery with cost management has been evident through multiple regulatory initiatives aimed at adapting to current and future demands.

The PSC's decision ensures that customers can rely on predictable energy bills, allowing for better budgeting and financial planning. Specifically, the plan focuses on base rates that customers pay for electricity, which are separate from fluctuating fuel costs. By maintaining these rates, Georgia Power aims to enhance customer satisfaction while also addressing the investments necessary for grid reliability and system resilience.

Kim Greene, chairman, president, and CEO of Georgia Power, emphasized the importance of delivering dependable energy to both homes and businesses. In her statement, she conveyed confidence that the rate freeze would not only benefit direct consumers but also support the broader economic growth in Georgia. “A plan like this is only possible due to the strength of Georgia’s constructive regulatory environment, and we thank the Georgia Public Service Commission for their vote today,” Greene said, highlighting the collaborative nature of this initiative.

In addition to the rate freeze, Georgia Power plans to address restoration and rebuilding costs related to Hurricane Helene and other storms in a separate regulatory proceeding expected to take place in the first half of 2026. This proactive approach underscores the necessity for utilities to adapt and cater to challenges posed by severe weather events while maintaining service reliability.

The Georgia PSC's decision is seen as a crucial step in ensuring continued growth and prosperity within the state. With expectations of consistent demand for electricity, Georgia Power is well-positioned to meet this need through its diverse energy generation portfolio, which includes renewable resources alongside traditional energy sources. This strategy aligns with the company’s commitment to sustainability and stewardship over time.

In closing, the approval marks an important milestone for Georgia Power and its customers, providing reassurance about the cost of electricity while fostering an environment conducive to sustained economic expansion. For more information on energy efficiency tips and how Georgia Power is innovating for the future, visit Georgia Power's official website.