"PG&E cut electric rates further on March 1, on the heels of a reduction that went into effect with the January billing cycle. We are delivering on our promise to lower prices for our customers again, even as national prices are expected to rise, PG&E CEO Patricia Poppe said in a prepared release."
"The Oakland-based company said it reduced residential electric rates by 1.8% on March 1 compared with the February rates. Electric rates fell 8.3% for customers who received subsidized service through the California Alternate Rates for Energy, or CARE program. This means typical residential electricity bills will decrease roughly $5.14 a month for the average customer who isn't receiving a subsidy."
"Based on current information, the company expects typical residential electric rates to be lower overall in 2026 than in 2025, PG&E stated. In January 2026, residential customers who received combined electricity and gas bills from PG&E were paying approximately $285 a month. That was about $10 less than what the average customer was paying in January 2025, or a 3.4% decrease."
PG&E announced another round of electricity rate reductions effective March 1, 2026, marking the second consecutive rate cut following a January decrease. Residential customers will see monthly bills drop approximately $5.14, while income-eligible CARE program participants will experience reductions of about $10.37 monthly. The utility company projects that typical residential electric rates will be lower overall in 2026 compared to 2025. January 2026 combined electricity and gas bills averaged $285 monthly, representing a 3.4% decrease from January 2025. Electric bills alone averaged $203, down 3.8% year-over-year. Despite these improvements, current bills remain significantly higher than rates from early 2024, reflecting the lingering impact of recent price escalations.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]