2014 Marks Rate Increases/Decreases

By Published On: January 9, 2014

Residential rates for two California investor-owned utilities rose Jan. 1. The increases include: * Pacific Gas & Electric—Up 7.3 percent for an average gas customer and 3 percent for 500 kWh/month electricity users. The utility estimates that’s $3.38/month more for combined gas and electric. * SoCal Gas—Up 9.4 percent overall, according to the Office of Ratepayer Advocates. Increases came in two parts. One, a “consolidation charge” of 2.5 percent. The other, a procurement charge raised rates 6.4 percent. There were slight decreases for non-core customers. For residents, it turns out to be about $7/month increase for 70 therms/month users. Decreases include: * San Diego Gas & Electric—On the electric side, residential decreases were 0.83 percent, according to ORA. * Southern California Edison—Residents saw a decrease of 0.9 percent.

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