This combined with their additional proposed increase means that the 2.6 million Georgia Power customers could incur more than $600 million in extra costs. The most popular utility company in the state of Georgia, Georgia Power, was granted a rate increase that will begin in January. On top of this, in Georgia specifically, state regulators have approved additional electricity rate increases. But believe it or not, your rates could go even higher in 2022. average for Georgia natural gas rates per month. You’re paying nearly 50% more than the U.S. If you are one of the 2 in 5 Georgia households who rely on natural gas for heating, you may already be used to paying a lot. And if it is costing them more to make your electricity, you can bet they will pass that cost along to the consumer, instead of absorbing it themselves. Electric utility companies are the state of Georgia’s biggest fuel consumers. The process involves natural gas at some point. After all, how do you think your electric company produces the power for the grid that runs through your home? You guessed it. However even if you have electricity through the power company, the rising costs of natural gas will affect you. You may be happy thinking this doesn’t apply to you if your home doesn’t run off of natural gas. And did you know Georgia’s primary energy source is natural gas? Plus, Georgia’s natural gas rates are also some of the highest in the nation. You might have seen the gas electricity news about the cost of natural gas rising in 2022. Let’s break these two down further: Natural Gas Rates Rising Affects Us All Those are the rising cost of natural gas rates and the Georgia utility companies’ approved electricity rate increases. Our list could go on, but there are two main reasons electricity bills are increasing for Georgia residents. High overseas prices of energy also strengthen export demand, causing prices to skyrocket. During the pandemic, workers were short staffed and shipping was stalled. Production is still recovering from Covid-19 pandemic delays. Not only are things costing more, but Georgians are using more electricity now and the demand for fuel is greater than supply and production. The rising cost of all goods and services are greatly affecting electricity rates. The average price of electricity for Georgia homeowners is $13.37 cents/kWh, and the cost is rising.Įveryone’s paying more for everything these days, energy included. It doesn’t help that the state of Georgia does not have a voluntary renewable energy target to combat this either.Īnd they’re paying a pretty penny for that pollution. Georgia is 11th in the nation for total carbon dioxide emissions – releasing 133.2 million metric tons of CO2 pollution back into the atmosphere. In fact, around 11% of Georgia’s energy is acquired from nearby states.Īs far as total energy consumed per capita, Georgia uses around 279 million BTU (British Thermal Units.) And with all this energy consumption comes harmful emissions to create it. In the winter and summer months, electricity has to be borrowed from other states when more energy is consumed. Georgia simply can’t make enough energy to meet the demand of its homeowners. They currently use more electricity than they can produce.
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Schedule Your Free Solar Consultation Georgia Gobbles Up Electricity But what do natural gas rates have to do with it? And why Georgia?
In Georgia specifically, residents could see a significant increase on their monthly electricity bills. And unfortunately, they won’t be catching any breaks on their electric bills any time soon. From a gallon of milk to a Bulldog’s football ticket, American pockets are hurting. Across the nation, costs for basic goods are higher than ever.
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