The Georgia Public Service Commission voted Tuesday morning to approve a three-year rate freeze for Georgia Power base rates.
The PSC announced the decision in a release Tuesday, with commissioners touting the move as preventing rate increases for Georgia Power customers. PSC Vice Chair, Tim Echols of Hoschton, said he hopes the move will help customers.
"Freezing Georgia Power's rates today is the best way to protect ratepayers against inflation and market volatility," Echols said in Tuesday's release.
Five PSC commissioners had urged Georgia Power in May not to file a 2025 rate case, a filing power companies submit to adjust their base rates. Georgia Powre's most recent rate case was in 2022, when the PSC agreed to allow them to increase their base rate over the next three years, ending in 2025.
The PSC also announced that Georgia Power will not file for recovery of storm damage expenses until 2026. The company was expected to request recovery in 2025 after the damage caused by Hurricane Helene in 2024.
