For the fourth time this year, PG&E rates are going up. This time state regulators approved a 2.7% increase which amounts to $6 more on an average bill every month.
For the fourth time this year, PG&E rates are going up after state regulators voted Thursday to approve the increase.For the fourth time this year, Pacific Gas and Electric Company rates are going up after state regulators voted Thursday to approve the increase.
PG&E claims the rate increase is needed to recoup electricity expenses paid during winter storms which brought widespread power outages.After rate hikes this year, PG&E announces nearly 25% increase in profits to $2.2B for 2023 "Anytime there's an increase in the cost of living, it will disproportionally impact our communities of color, low-income, elderly communities," said Erin Hawkins with Community Action Marin."PG&E is working to limit combined gas and electric bill increases to no more than an average of 3% per year through 2026. PG&E has adopted company-wide savings initiatives to reduce operating costs and limit unnecessary expenses.
"These outrageous profits that the PG&E shareholders are pocketing are coming out of the pockets of customers," said Mark Toney who works for The Utility Reform Network or TURN.
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