Electricity and gas rates for PG&E customers have been on the rise, with electricity charges increasing over 60% from January 2020 to January 2025. PG&E's request to increase its investor rate of return could lead to further hikes, averaging an additional $5.50 per month for customers. Critics, including the CPUC's Public Advocates Office, argue that PG&E has not sufficiently explored cost-effective solutions to ensure fair pricing for consumers, especially given the backdrop of climate-induced expenses and obligations to enhance safety and reliability.
"The trend in rate increases from PG&E is unacceptable. We can't have this continue. It's not fair to ratepayers. It's not fair to the state."
"There's been mandates from the state in order to add protections, harden the system. But I wouldn't say PG&E has always found the least-cost solutions to doing that."
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