2022 Electric Rates Report
Memo, February 24, 2023 -
Overview
From January 2022 to January 2023, the average household’s monthly bill in analyzed regions grew from $161 to $180 in Pacific Gas & Electric (PG&E), $191 to $225 in Southern California Edison (SCE), and from $148 to $171 in San Diego Gas & Electric (SDG&E). These increases are part of a larger trend: residential electric rate increases ranged between 77% to 105% across the utilities since 2014. Power line investments and operations, wildfire management activities, higher natural gas prices in the winter months, and the state’s rooftop solar program (“net energy metering”) were the main cost drivers for the majority of customers.
Download: 2022 Electric Rates Report