PG&E Residential Electric Rates to Dip in September, Despite Long-Term Increase Forecasts
SAN FRANCISCO, CA – Pacific Gas and Electric (PG&E) residential electric customers will see a decrease in rates starting in September, even as national forecasts predict rising electricity prices through 2026. The reduction comes alongside the distribution of a $58.23 california climate credit appearing on October bills for eligible residential and small business customers.
While PG&E customers benefit from this short-term relief and the bi-annual climate credit,the U.S. Energy Data Administration forecasts that national electric prices are expected to increase through 2026, outpacing forecasted inflation. The California climate credit, distributed twice yearly in the spring and fall, is part of the state’s broader strategy to combat climate change and support customers during the transition to a low-carbon energy future.PG&E also offers a suite of programs designed to help customers manage energy use and costs. These include budget billing, which averages energy costs over 12 months to stabilize monthly payments; free home energy checkups providing customized savings tips; and HomeIntel, a programme offering a smart audit and personal energy coach to eligible customers with smart meters. Additionally, the Savings Finder tool provides personalized recommendations for financial assistance and bill management programs.
Customers who qualify can also access various financial assistance programs. Further information is available at pge.com and pge.com/news.
