Leaders from Washington to Montgomery are praising Alabama Power’s new two-year rate stability plan approved by the Alabama Public Service Commission, calling it a major step toward keeping power affordable as families continue to feel the sting of high prices nationwide.

The PSC voted Tuesday to approve Alabama Power’s proposal to hold several major adjustable rate factors at current levels through 2026 and 2027 to lock in what commissioners described during the meeting as a needed period of predictability for customers.

Following the decision, Governor Kay Ivey said the move helps Alabama stay ahead of the curve on cost of living and economic competitiveness.

“As prices are going up all over the country, this action in Alabama ensures we remain leaders in affordability and reliability,” Governor Ivey wrote.

“I thank the PSC for making wise decisions for the people and businesses that make our state great.”

U.S. Senator Tommy Tuberville said the efforts of the company and commission is both proof and in service of American energy dominance.

“I’m glad to see Alabama Power freezing rates for two years through 2027,” Tuberville (R-Auburn) said. “We have an abundance of riches in Alabama when it comes to energy, including coal, natural gas, hydro and nuclear power plants. But moving forward, we have to focus on cutting regulations.”

“Alabama has the opportunity to lead the nation in recruiting new manufacturing and jobs while focusing on a lower cost of living for our citizens and providing them with more opportunities for a higher standard of living,” he said.

The plan approved by the PSC also includes steps designed to protect customers from storm-related cost spikes, such as action involving Alabama Power’s Natural Disaster Reserve to better prepare for future severe weather costs.

The Alabama Farmers Federation, representing over 350,000 member families across all 67 counties, also weighed in on Tuesday’s vote.

“We appreciate [Alabama Power] and the Public Service Commission for stabilizing electricity rates for the next two years!”

Clay Scofield, President and CEO of the Energy Institute of Alabama, and former GOP Majority Leader of the Alabama Senate, said the decision sends a strong signal to households and employers that Alabama is making cost stability a top priority.

“Energy isn’t just important — it is the backbone of Alabama’s economy.”

“By approving this multiyear rate stability plan, the Commission and Alabama Power have taken decisive action to give Alabama families and businesses the certainty they deserve. This is the kind of leadership that keeps Alabama growing.”

“And as always, we are deeply grateful to our utilities and the lineworkers who show up every single day to keep our lights on and our economy moving forward,” Scofield added.

Grayson Everett is the editor in chief of Yellowhammer News. You can follow him on X @Grayson270.