re: Looks like you will have higher electric rates due to data centers

quote:

---

Are you referring to Vogtle? Unit 3 and 4 ended up being $20 billion over budget. Georgia Power increased their rates to pay for the costs overruns because they only budgeted $14 billion.

---

quote:

---

Georgia Power is lowering overall rates, providing the typical residential customer using 1,000 kilowatt-hours a month with savings of about $4.04 per month (roughly $50 a year). This rate reduction applies to both fuel and storm cost recovery and took effect on June 1.Here are the key details and what you should know about your electric bills:Lower Bills: The reduction is part of a broader $285 million annual savings plan approved by the Georgia Public Service Commission (PSC).The Catch: While your rate is dropping, your monthly total might still feel higher due to the annual shift to higher summer electricity rates and increased energy usage as temperatures rise.Rate Freeze: This recent cut comes in addition to an active base rate freeze—which keeps the base costs of maintaining the electric grid stable—that is scheduled to run through 2028.Time-of-Use Options: Depending on your lifestyle, you can maximize your savings by switching to different billing plans. For example, the Overnight Advantage Rate Plan offers cheaper prices for using electricity during overnight hours (11 p.m.–7 a.m.), while the Nights & Weekends Rate Plan offers lower rates during off-peak windows

---