If energy “sticker shock” wasn’t already obviously painful at the pump or on utility bills, inflation is again going after more of your money for natural gas and electric, even beyond the utility’s ability to combat it.
Natural gas is a fundamental home heating source and a major power plant fuel for PG&E to make electricity itself and what it imports from other electricity suppliers. Demand for natural gas across the U.S. has caused prices to spike some 90% causing electricity prices to rise as well.
So, with state approval, PG&E is passing these added costs onto electric bills.
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