Alabama Power Promises Electric Rate Freeze Through 2027 — What It Really Means for Your Power Bill
Alabama Power has filed a plan to freeze key electricity rate formulas through 2027, aiming to keep rates flat for the next two years. The company says it will use tax credits and storm reserves to offset rising costs but needs approval from the Alabama Public Service Commission. The proposal does not guarantee unchanged monthly bills for all customers. Alabama households currently pay the nation’s third-highest average electric bill.