Georgia Power has filed a request with the Georgia Public Service Commission (PSC) to increase customer rates by approximately 7 percent in 2020 to enable the company to continue making investments in Georgia’s energy future. In the filing, the utility pointed out its nearly $18 billion in recent and future investments made to the state’s electrical system and to comply with federal regulations.
Courtesy of NREL
As outlined in the filing, the typical residential customer using 1,000 kWh per month would see an increase of $9.78 per month on their bill. A final decision by the PSC is expected in December.
According to the utility, Georgia Power’s prices are 16 percent below the national average and residential customers currently pay less than $1 more per month today than they did in 2011. Georgia Power has not had a rate case filing in the last six years.
The utility’s 2019 Integrated Resource Plan, filed in January, outlines how it proposes to continue to deliver “clean, safe, reliable and affordable energy to its 2.6 million customers over the next 20 years.
“The company will continue to invest in a diverse mix of energy resources, including renewable energy. Working with the PSC, the company has diversified its portfolio through the development of renewable resources in a way that benefits all customers and has positioned the company as a national leader in solar and renewable energy growth. Georgia Power currently has one of the largest voluntary renewable portfolios in the country with more than 1,500 MW* of renewable resources online and an additional 1,600 MW* under development. Combined with the renewable programs requested through the 2019 IRP, and subject to PSC approval, Georgia Power plans to have more than 4,750 MW* of renewable energy resources in its portfolio by the end of 2024.”
The 2019 IRP proposes energy efficiency targets similar to those approved in previous IRPs, while adding new, innovative energy-saving programs for both residential and commercial customers. By 2022, these programs, along with existing demand response programs, are designed to help reduce peak demand approximately 1,600 MW, which is 10 percent of the company’s current peak demand
The utility is also seeking approval through the IRP process to own and operate 80 MW of battery energy storage systems, which are critical to maximizing the value of renewable energy resources. The company seeks this opportunity to demonstrate the deployment, integration, operation and grid optimization of storage to gain valuable insight into how to maximize the value of storage for customers.
The PSC is expected to vote on the company’s IRP request on July 16.
*REC Disclaimer: Georgia Power purchases only the null energy output from some renewable generating facilities that have contracted to sell that energy to Georgia Power. Ownership of the associated renewable energy credits (RECs) is specified in each respective power purchase agreement. The party that owns the RECs retains the right to use them.
Sooo, the state makes it impossible for individuals to invest in their own energy independence while giving GA Power the “green light” to raise our rates to by more renewables....? Typical. Little guy gets screwed while the monopoly gets the big payout!