Looks like PG&E believes it needs a few billion dollars to make their grid safe (edit, and improve infrastructure and better fund its pension), And since they can't make their operations more lean and intelligent, that just means it's time for rate payers to pony up.
Contrary to what some news outlets have indicated, this is a straight up 18% increase to gas and electric in 2023 compared to 2021. After 2023, rates will go up further in addition to this 18%. That is why for some people, their gas bill will go up around 45% by 2026 compared to today's rates if the CPUC allows this.
They conveniently provided example tables of what an E-1 Electric and G-1 Gas (non-CARE) customer will see on an average bill. For example, Zone X (the most populated residential zone) will see a monthly 488 kWh electricity bill go up 18.1% from the most recent rates enacted this spring to the implementation of this proposal in 2023. Additional increases will hit in subsequent years so by 2026 (for just this proposed action), rates will go up 23%. On the gas side, the first year increase is 18% as well on a 37 therms average monthly bill. But if you look out to 2026, the expected bill will go up 45% compared to the current 2021 bill.
One thing rate payers should consider is that PG&E's current proposal lifts rates across the board for non-CARE and CARE/FERA. The CPUC has historically denied such blanket rate increases because they feel lower income folks are not in a position to manage these rate increases. So, typically by the time all things are resolved, the non-CARE folks will pay more while the CARE population will see less impact.
This Rate Case proposal says nothing about solar, NEM, TOU, etc.
Contrary to what some news outlets have indicated, this is a straight up 18% increase to gas and electric in 2023 compared to 2021. After 2023, rates will go up further in addition to this 18%. That is why for some people, their gas bill will go up around 45% by 2026 compared to today's rates if the CPUC allows this.
They conveniently provided example tables of what an E-1 Electric and G-1 Gas (non-CARE) customer will see on an average bill. For example, Zone X (the most populated residential zone) will see a monthly 488 kWh electricity bill go up 18.1% from the most recent rates enacted this spring to the implementation of this proposal in 2023. Additional increases will hit in subsequent years so by 2026 (for just this proposed action), rates will go up 23%. On the gas side, the first year increase is 18% as well on a 37 therms average monthly bill. But if you look out to 2026, the expected bill will go up 45% compared to the current 2021 bill.
One thing rate payers should consider is that PG&E's current proposal lifts rates across the board for non-CARE and CARE/FERA. The CPUC has historically denied such blanket rate increases because they feel lower income folks are not in a position to manage these rate increases. So, typically by the time all things are resolved, the non-CARE folks will pay more while the CARE population will see less impact.
This Rate Case proposal says nothing about solar, NEM, TOU, etc.
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