09/04/2024 | News release | Distributed by Public on 09/04/2024 18:11
Today (Sept. 4), PG&E is updating customers on what they can expect in their energy bills this fall and winter.
Beginning Sept. 1, PG&E residential natural gas rates will increase. A typical residential customer who uses 31 therms of gas per month, receives both energy supply and delivery from PG&E, and does not receive income-qualified discounts, can expect to see their monthly gas bills increase about $5.78. For a typical residential customer who receives the California Alternate Rates for Energy (CARE) discount and uses 26 therms a month, the bill increase is about $3.87. Actual impacts will vary depending on usage. These changes result from an increase in PG&E residential gas rates of about 7.5%.
The gas rate change adopts new gas sales forecasts to calculate rates. The rate change ensures that approved revenues are collected to cover the cost of safely and reliably operating and maintaining the natural gas system. The California Public Utilities Commission (CPUC) approved PG&E's request in March.
Gas rates pay for programs including:
PG&E has a 99% reliability rating for its 4.5 million natural gas customers. Among its many projects supporting safe and reliable natural gas delivery, PG&E is working with Monterey County to relocate and modernize over 5,300 feet of transmission pipeline to support the community's capital improvement plan and is conducting a pipeline safety test in Petaluma using pressurized water to confirm pipeline operating pressure.
Residential electric rates are increasing by 0.5%, effective Sept. 1, as a result of recovery bonds issued to help pay for CPUC-authorized wildfire risk reduction projects at a lower cost to customers than traditional financing.
"We are building a resilient, sustainable energy system to meet our customers' energy needs now and in the future. As we do this work, we understand our customers' concern over higher energy bills, and we are taking a variety of actions to stabilize bills without sacrificing safety," said Vincent Davis, PG&E Senior Vice President, Customer Experience. "We are committed to keeping customers informed about changes to energy rates and bills so they aren't surprised, can plan for changes, and can benefit from our many resources, tools and financial assistance programs."
Working to Stabilize Bills
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. Last year, PG&E reduced operating costs by $510 million and is working to reduce costs by up to $1 billion this year.
The company is managing more than 200 initiatives to reduce materials, labor and other costs, and is more efficiently planning, executing and automating work to deliver results and future savings for customers. Examples of cost-cutting measures this year include:
PG&E is also looking for other ways to save money for customers. For example, the company collaborated with customer advocates on an alternative to commercial insurance, saving customers up to $1.8 billion over four years.
Here to Help Customers
PG&E offers a variety of resources to help customers manage energy use and bills including:
Customers may also qualify for income-eligible programs that can help lower their bills. These include: