You’re about to pay more for power. Again.
Alabama Power last raised its rates on December’s bills, and you’ll be paying even more in January, the company announced this week.
While the price hike that started this month is about $10 for the average customer, January’s price increase will fall around $6.81.
That’s for the average residential customer using 1,000 kilowatt hours per month.
According to Alabama Power, the increase is “driven primarily by compliance with federal requirements, as well as unprecedented inflation and economic conditions.”
Read the full statement below:
Statement from Alabama Power:
Our customers expect us to deliver reliable and resilient energy 24/7, 365 days a year. In order to best serve our customers, we must prepare for the future.
As a result, customers will see an adjustment on January 2023 bills driven primarily by compliance with federal requirements, as well as unprecedented inflation and economic conditions. These federal mandates and regulations, with which the company and utilities across the country must comply, continue to put pressure on customer costs.
The increase in the cost to our customers associated with these federal requirements will be about $6.81 for the typical residential customer using 1,000 kilowatt hours per month.
As these federal policies impact our state, we’re here to help customers who may need assistance. To discuss payment options, customers can chat with us online, give us a call or visit us in person at one of our offices.
Help is available for customers who may be hit hard by this increase, and the company offers several bill payment styles. If you’re worried about paying your bill, you can chat with an Alabama Power representative online right here, via phone at 800-245-2244 or in person at an Alabama Power office.
As winter sets in, you can keep your power bill down by better insulating your home, setting your thermostat lower and reducing usage.
If sky-high summer and winter bills are an issue, customers can sign up for budget billing, which averages the cost over several months and avoids billing surprises. Rates are adjusted every few months.
Need help figuring out the best ways to save? You can find tips and tricks right here.