According to a recent Public Advocates Office report, average PG&E electric rates have increased 38% since January 2021 and more than 92% since January 2014. That’s more than 10% per year and far exceeding the rate of inflation.
CA Utility Rates Rising Faster Than Inflation
Now PG&E is seeking another massive rate increase, adding billions more to customer bills. As rates rise, low-income households are most disproportionately impacted. PG&E’s electricity prices are already twice the national average and could soon reach nearly triple what others around the country are paying. ENOUGH IS ENOUGH! Higher electric prices also hinder California’s clean energy transition and electric vehicle adoption.
PG&E Rates to Increase by as Much as $1.6 BILLION
PG&E rates, already among the highest in the nation, will go even higher. Exactly how much is still being determined, but according to a San Francisco Chronicle analysis residential rates would rise as much as 12.2% on January 1, 2024. That’s on top of additional rate increases already implemented this year, totaling 11%.
Ratepayers are incensed. Enough is enough! Policymakers and regulators need to say no to PG&E.
Out of touch with reality, the utility originally proposed a $3.2 billion rate increase driven by their flawed $6 billion plan to underground 10,000 miles of power lines. PG&E’s CEO Patti Poppe apparently doesn’t think annual double digit rate increases are a problem, but then again she made $65 million over the past two years.
Ratepayers deserve better service, lower rates, and a CEO who isn’t overpaid and out of touch with the reality that many Californians are simply trying to put food on their family’s table.