NORTHSTATE, Calif. — Pacific Gas and Electric Company (PG&E) has reduced electric rates for residential customers by 2.1% as of Monday.
PG&E says this will result in a monthly savings of approximately $5 for typical users consuming 500 kilowatt hours. This reduction follows the completion of several projects aimed at enhancing wildfire safety and emergency response, which allowed for the removal of temporary costs from rates.
Moreover, PG&E residential customers are set to receive a $58.23 California Climate Credit on their October bills. This credit is part of the state’s initiative to support the transition to a low-carbon future and is distributed biannually in the spring and fall.
Carla Peterman, PG&E’s executive vice president of corporate affairs and chief sustainability officer, spoke on these changes.
“While we continue making progress to stabilize electric prices for our customers, we know there is more work to do. Our focus is on making our system safer and more reliable for customers every day, while managing our costs to keep bills as low as possible.”
Over the past three years, PG&E has saved approximately $2.5 billion through efficiency improvements and technological advancements, such as drone inspections and project bundling. These savings have been reinvested into safety and reliability enhancements.
While PG&E’s rates are decreasing, the U.S. Energy Information Administration forecasts a rise in national electric prices through 2026, surpassing inflation rates. PG&E’s efforts to stabilize rates contrast with this national trend, with further reductions anticipated in 2026. PG&E added that they have decreased gas rates by 0.4% this September, saving typical residential customers about $0.39 monthly.
To find out more about these changes, visit PG&E’s website.
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