Tue., May 15, 2012 6:41pm (EDT)

Georgia Power Decreasing Electricity Rates
By Associated Press
Updated: 2 years ago

ATLANTA  —  
Georgia Power customers will see their monthly bills drop by about $8 starting next month.( photo by Mitch Paradise)
Georgia Power customers will see their monthly bills drop by about $8 starting next month.( photo by Mitch Paradise)
Georgia Power customers will see their monthly bills drop by about $8 starting next month.

State utility regulators on Tuesday approved the average 6 percent decrease.

The reduction is the result of a lower amount that the utility says it needs to buy fuel to make electricity — such as natural gas, coal, nuclear power and renewable energy. Georgia Power said in March it would reduce fuel charges on customer bills by $567 million a year over the next two years.

Georgia Power can recoup the cost of fuel from its customers, but it cannot profit from those costs.