Alabama Power to refund customers $62 million on August bill
Alabama Power customers can expect a little bit back this summer on their bills.
The Alabama Public Service Commission on Tuesday voted to approve a refund to be paid to Alabama Power customers in August.
This came after the company reported it was above the allowed rate of return range by $62 million in 2022.
The commissioners voted to approve the refunds in August, as customers usually consume more power during the summer months, and the extra money will have more impact.
There’s no word yet on how much the refund would benefit individual customers.
In December, Alabama Power announced its third rate increase of 2022, citing federal mandates, inflation and economic conditions.
That means the average residential customer is paying about $22.81 more per month for electricity in 2023 than they did at the beginning of the year.
Alabama Power has programs in place to assist customers who may struggle to pay their electric bills, including payment assistance programs for low-income Alabamians, winterization tips to save energy in the cold months, time advantage rate options and more.