Georgia Power Rate Freeze: Electric Rate Freeze Updates

What Does This Mean?
Other FAQs
Bill Resources

No changes. No increases. Just predictability and stability.

We’re putting a freeze on base rate changes through 2028. That means the amount you pay per kilowatt-hour stays the same for the next three years. While fuel and storm recovery costs will be adjusted in 2026, current projections suggest these changes could result in a decrease to your overall bill. We’ll continue to monitor these factors closely and keep you informed.

What does the rate freeze mean?

We are committing to not changing the terms and conditions and pricing structures of how and what we charge customers for the energy they use through at least the end of 2028. The rate freeze does not apply to adjustments for pass-through fuel costs or storm recovery costs.

Why are we freezing rates?

We are always working to keep energy affordable and give customers predictability and stability with their bills.
Freezing base rates through 2028 will provide peace of mind to Georgians knowing that how and what we charge for energy won't change.

How are rates regulated?

In short, our regulatory compact with the Georgia Public Service Commission (GPSC) and the Federal Energy Regulatory Commission (FERC) provides that we are committed to serving Georgia with safe and reliable electricity at reasonable rates in exchange for the ability to recover our costs including the opportunity to earn a fair and reasonable return on the investments made to serve our customers.

The approval of the 2025 IRP is the latest step in this continued, constructive regulatory process and follows other significant regulatory actions such as the 2023 IRP Update, the recently revised and PSC-approved rules and regulations, and this new plan to freeze Georgia Power’s base rates through at least 2028.

Frequently Asked Questions

What is a base rate?

Your base rate is the price detailed in your rate plan’s tariff. The base rate does not include pass-through fuel costs and sales tax, but includes storm recovery costs, environmental compliance costs, demand side management fees, municipal franchise fees, and other state and local taxes.

Residential Rate Plans

Business Rate Plans

What am I charged for outside of my base rate?

Base rate does not include, pass-through fuel costs, municipal franchise fees, storm recovery costs, environmental compliance costs, demand side management fees, state and local taxes.

Will rates be adjusted for storm and fuel costs?

We are currently scheduled to have rate adjustments for both fuel cost and storm cost recovery in 2026. The adjustments for storm cost are associated with the cost we have previously incurred to maintain and restore service during severe weather events. The adjustments for fuel cost are associated with recovering the cost of fuel for the electric generation needed to provide reliable service to customers. We currently project that the collective impact of both the storm and fuel cost adjustments in 2026 could result in a decrease to your overall bill. We’ll continue to monitor these factors closely and keep our customers informed.

Does this mean my Flatbill® or Pay by Day offer will be the same for the next three years?

No. Both FlatBill® and Pay by Day offers are 12-month agreements based on past usage and anticipated usage for the upcoming 12 months. These must be recalculated annually since usage habits may change.

Does this mean my Budget Bill payments will be the same for the next three years?

No. Budget Bill is rolling levelized bill based on your past 12 bills.

About Budget Bill

Does this mean we’ll get a major rate hike in 2029?

We will continue to work with the Georgia PSC to keep rates affordable and predictable while also working to ensure we have the resources and programs we need to reliably and economically meet the future energy needs of our customers.