PG&E Lowers Electric Rates for Customers as National Prices Rise
NORTHSTATE, Calif. – Pacific Gas and Electric Company (PG&E) customers will see a 2.1% decrease in electric rates starting this month. The reduction translates to roughly $5 in monthly savings for typical households consuming 500 kilowatt hours.
The rate decrease comes after the completion of wildfire safety and emergency response projects, allowing PG&E to remove temporary costs from customer bills. Simultaneously, PG&E residential customers will receive a $58.23 California Climate Credit on their October bills, part of a state program distributing credits twice yearly to support a transition to a low-carbon future.
“While we continue making progress to stabilize electric prices for our customers, we certainly know there is more work to do,” saeid Carla Peterman, PG&E’s executive vice president of corporate affairs and chief sustainability officer. “Our focus is on making our system safer and more reliable for customers every day, while managing our costs to keep bills as low as possible.”
PG&E reports saving approximately $2.5 billion over the past three years through efficiency improvements and technologies like drone inspections and project bundling, reinvesting these savings into system safety and reliability.
Despite the decrease, the U.S. Energy Data Administration forecasts a national rise in electric prices through 2026, exceeding inflation. PG&E anticipates further rate reductions in 2026 and also lowered gas rates by 0.4% in September, saving typical customers about $0.39 per month.
More information is available on PG&E’s website.