PG&E customers will see a rise in their electricity bills starting in March, with an increase of 1.5%, adding an average of $3 to monthly costs. Despite this change, PG&E asserts that rates remain lower than previous years, adhering to their target of 2% to 4% annual increases. In January, the combined average customer bill was $295, with electric charges decreasing from last year. PG&E aims to manage costs and stabilize future pricing, providing relief compared to past rate hikes.
"Even with this small increase, PG&E electric rates will still be lower than they were last year," PG&E stated in the blog post.
"We are staying within our target of annual increases of 2% to 4% a year," Paulo said.
"Beginning on March 1, residential electric rates will increase by 1.5% compared to rates currently in effect," PG&E stated in a blog post.
Oakland-based PG&E argued that monthly bills still compare favorably to the utility cost levels of much of 2024.
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