"Anytime there's an increase in the cost of living, it will disproportionally impact our communities of color, low-income, elderly communities," said Erin Hawkins with Community Action Marin. This statement highlights the broader implications of utility rate increases, specifically the disproportionate burden on vulnerable populations. The concern raised here underscores the social impact of economic policies that lead to higher utility costs, suggesting that careful consideration should be taken to protect those most affected.
"These outrageous profits that the PG&E shareholders are pocketing are coming out of the pockets of customers," said Mark Toney who works for The Utility Reform Network or TURN. He emphasizes the disconnect between utility company profits and the financial strain experienced by customers, framing the situation as exploitative, especially following significant rate hikes earlier in the year.
"PG&E is working to limit combined gas and electric bill increases to no more than an average of 3% per year through 2026. PG&E has adopted company-wide savings initiatives to reduce operating costs and limit unnecessary expenses." This statement from PG&E attempts to justify ongoing rate hikes by coupling them with a commitment to minimize future increases, but it raises questions about the company's financial management and focus on customer impact.
According to PG&E data, residential utility rates have increased 54% since 2020, when the utility exited bankruptcy. This statistic sheds light on the intensity of rate increases over the last few years and the potential burden it places on customers, especially in an already challenging economic landscape.
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