Please ensure Javascript is enabled for purposes of website accessibility
PG&E Rates Will Rise 13% in 2024, but It Could've Been Worse
By admin
Published 5 months ago on
November 17, 2023

Share

Getting your Trinity Audio player ready...

PG&E rates for electricity and natural gas for a typical residential customer will rise by $32.62, or nearly 13%, following a California Public Utilities Commission decision made Thursday in southern California.

The new rates will become effective on Jan. 1, 2024, although PG&E says customers may not see the change in their bill until February depending on their billing cycle.

CPUC commissioners gave PG&E ratepayers a small break with Thursday’s decision. The mammoth utility had asked for a nearly 18% increase, which would have raised a typical residential bill by $38.73.

Rate Hike Will Pay for Improved Safety, Reliability: PG&E

PG&E sought the increase to pay for improving its safety and reliability. A significant investment in undergrounding electric lines to reduce wildfire risk was among the top priorities in PG&E’s request.

“I am proud of today’s decision because it represents the CPUC’s commitment to finding a reasonable balance in the face of incredibly challenging circumstances and competing objectives,” said Commissioner John Reynolds in a news release.

“This decision ultimately represents both a historic investment in PG&E’s electric and natural gas systems as well as an expectation that PG&E must continue to be safer and more efficient.”

Said PG&E CEO Patti Poppe: “Undergrounding is the best tool in the highest fire-risk areas to protect our customers and hometowns and improve reliability year-round at the lowest cost to our customers.”

For the record: Poppe made $14,107,324 in salary, bonuses, and stock awards in 2022, according to salary.com.

PG&E Electricity Rates Already Twice the National Average

Even before Thursday’s hikes, PG&E customers were paying more than twice the national average for electricity. And, according to the Public Advocate’s electric rates report, since 2014 PG&E’s rates have skyrocketed by more than 75%, while the rate of inflation was less than 30%.

This year alone, PG&E customers have seen their bills climb by $80 a month.

The new rates coming on Jan. 1 are “just the tip of the iceberg” because PG&E has multiple rate hike increases on the table, Mark Toney told GV Wire earlier this month. “Each increase gets stacked on top of previous increases.”

TURN estimates that in the hottest parts of the state, such as the Valley, customers will face monthly bills of more than 24% of their disposable income next year.

Tips to Reduce Your Utility Bill

PG&E offers both free and low-cost programs to help their customers reduce energy use and better manage monthly energy bills. There is also financial help for income-eligible customers. For example:

  • Check your rate plan – get a personalized Rate Plan Comparison to find the best rate plan for your personal energy use.
  • Take a free five-minute Home Energy Checkup to identify wasted energy sources and get a personalized savings plan.
  • Enroll in Budget Billing to spread out costs throughout the year.
  • Receive Bill Forecast Alerts when your bill is projected to exceed an amount set by you so you can reduce energy use ahead of the next bill.
  • Customers may qualify for bill assistance including:
  • California Alternate Rates for Energy (CARE) provides a monthly discount of 20% or more on gas and electricity.
  • Family Electric Rate Assistance (FERA) provides a monthly discount of 18% on electricity only. Must be a household of three or more people.
  • AMP is a debt forgiveness plan for eligible residential customers who may have experienced pandemic-related hardship.

 

RELATED TOPICS:

DON'T MISS

US Shoots Down Iran-Launched Attack Drones as Biden Team Pledges ‘Support’ for Israel

DON'T MISS

Sacramento Gave Homeless Camp a Lease as an Experiment. Here’s What Happened.

DON'T MISS

Merced Supervisors Accused of ‘Triple Crown Race’ of Failures Amid Talk of Closing Fire Stations

DON'T MISS

Teacher Appreciation Week Surprises That Educators Will Love

DON'T MISS

A Mission of Mercy, Then a Fatal Strike: How an Aid Convoy in Gaza Became Israel’s Target

DON'T MISS

Walberg Era Begins With a Charge to ‘Revolutionize’ Bulldogs Basketball

DON'T MISS

California Man Sentenced to 40 Years to Life for Fatal Freeway Shooting of 6-Year-Old Boy

DON'T MISS

16 Clovis Students Rewarded With Scholarships for Their Resilience

DON'T MISS

Dr. Green Thumb’s Is Open. Sweet Flower Debuts Saturday in Fresno Cannabis Rollout.

DON'T MISS

Reacher Star Alan Ritchson Calls Donald Trump a ‘Rapist’

UP NEXT

From Tragedy to Triumph: The Land Before Time Litter’s Journey

UP NEXT

Fresno Monopoly is Coming. You Have a Chance to Make It Your Own.

UP NEXT

After Fong Ruling, a ‘Bitter Pill to Swallow’ for US Senate Losers Katie Porter & Barbara Lee?

UP NEXT

Fresno’s ‘Rods on the Bluff’ Is Driven by Friendship, Creativity, and Achievement

UP NEXT

This Chill Tabby Cat Loves Hanging Out With People. Is He Your ‘Purrfect’ Match?

UP NEXT

Legendary Comedians Seinfeld and Carolla Lead Fresno Entertainment Lineup

UP NEXT

Fresno’s Marjaree Mason Center Secures $850K Federal Funding Boost for New Resource Center

UP NEXT

Pistachio Growers Banking on World Famous Chef to Grow Their Markets

UP NEXT

Fast Food Wage Hike Impacts Fresno Restaurateurs of All Menu Types and Sizes

UP NEXT

Appeal Court Rules Fong Can Stay on CA-20 Congressional Ballot

Teacher Appreciation Week Surprises That Educators Will Love

16 hours ago

A Mission of Mercy, Then a Fatal Strike: How an Aid Convoy in Gaza Became Israel’s Target

16 hours ago

Walberg Era Begins With a Charge to ‘Revolutionize’ Bulldogs Basketball

1 day ago

California Man Sentenced to 40 Years to Life for Fatal Freeway Shooting of 6-Year-Old Boy

1 day ago

16 Clovis Students Rewarded With Scholarships for Their Resilience

1 day ago

Dr. Green Thumb’s Is Open. Sweet Flower Debuts Saturday in Fresno Cannabis Rollout.

1 day ago

Reacher Star Alan Ritchson Calls Donald Trump a ‘Rapist’

1 day ago

Community Leaders Call for Transparency in Fresno Superintendent Search

1 day ago

Israeli Settlers Rampage Through a West Bank Village, Killing 1 Palestinian and Wounding 25

1 day ago

US Intelligence Finding Shows China Surging Equipment Sales to Russia to Help War Effort in Ukraine

1 day ago

US Shoots Down Iran-Launched Attack Drones as Biden Team Pledges ‘Support’ for Israel

WASHINGTON — President Joe Biden and his national security team monitored Iran’s aerial attack against Israel on Saturday as U.S. forces joi...

50 mins ago

50 mins ago

US Shoots Down Iran-Launched Attack Drones as Biden Team Pledges ‘Support’ for Israel

14 hours ago

Sacramento Gave Homeless Camp a Lease as an Experiment. Here’s What Happened.

15 hours ago

Merced Supervisors Accused of ‘Triple Crown Race’ of Failures Amid Talk of Closing Fire Stations

16 hours ago

Teacher Appreciation Week Surprises That Educators Will Love

16 hours ago

A Mission of Mercy, Then a Fatal Strike: How an Aid Convoy in Gaza Became Israel’s Target

1 day ago

Walberg Era Begins With a Charge to ‘Revolutionize’ Bulldogs Basketball

1 day ago

California Man Sentenced to 40 Years to Life for Fatal Freeway Shooting of 6-Year-Old Boy

1 day ago

16 Clovis Students Rewarded With Scholarships for Their Resilience

MENU

CONNECT WITH US

Search

Send this to a friend