The Mississippi Public Service Commission approved Mississippi Power’s annual fuel filing on Thursday, reducing the fuel portion of customers’ bills by 3 percent.

Mississippi Power projects an average savings of $4.14 per month for customers using 1,000 kWh of electricity per month.

“The Commission’s approval of our annual fuel filing allows us to deliver savings to our customers, beginning in their February bills,” Mississippi Power President and CEO Anthony Wilson said in a statement. “Mississippi Power will continue to take advantage of lower fuel costs – and reliably and efficiently operate our generating units – to benefit our customers.”

The company made its annual filing in November, which reflected a decrease in fuel costs, driven primarily by lower natural gas prices, according to a Mississippi Power news release. The PSC annually adjusts prices based on changes in the cost of fuel used by the company to generate electricity, according to the news release.

Mississippi Power does not earn a profit on fuel costs, which is reflected dollar-for-dollar in customers’ bills, the company stated.