Here is a recap of what's happening on your bills this year and next:
The 2022 rate increase of $4/mo. began in January (permanent, and increasing to $9/mo. Jan. 2024 and $15/mo. January 2025)
The fuel cost recovery surcharge of $16/mo. beginning June 1 (surcharge is for 3 years assuming the PSC votes on May 16 to approve)
Plant Vogtle’s Unit 3 construction costs of $5/mo. will be added to our bills 30 days after commercial operation. (projected for June, lasts 60 years)
Plant Vogtle’s Unit 4 construction costs & cost overruns of $20/mo. will be added to our bills 30 days after Unit 4 commercial operation ($20 for Unit 4 - 60 years). Note that cost overruns have not been approved and will be a battle before the PSC commencing this fall.
Total increases to our bills are $25/mo. in 2023 ($4/mo. 2022 rate increase + $16/mo. fuel cost surcharge beginning June 1 +$5/mo. Unit 3 Plant Vogtle – likely July).
Total with Unit 4 in 2024 is $50/mo. if all cost overruns are approved by the PSC, which should not be approved. More on that another time.
Note if you use more electricity than the “average” of 1000kWh/month your bill increase will be higher, if less lower (of course).
I hope this is helpful – let me know if you want leads to the best solar panel companies, and see the AJC article for ways to save money.
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