PG&E Decreases Residential Electric Rates on Sept. 1; Customers Receive California Climate Credit on October Electric Bills
PG&E Decreases Residential Electric Rates on Sept. 1; Customers Receive California Climate Credit on October Electric Bills |
| [02-September-2025] |
PG&E Electric Rates Decline While National Prices Forecast to Rise through Next Year OAKLAND, Calif., Sept. 2, 2025 /PRNewswire/ -- Electric rates for all Pacific Gas and Electric Company (PG&E) residential customers decreased by 2.1% on September 1. For the typical residential customer who uses 500 kilowatt hours a month and does not receive discounts, monthly bills will decrease by about $5.
Electric rates decreased because PG&E has completed a number of projects to increase wildfire safety and respond to emergencies. These temporary costs were removed from rates, helping to lower bills. In addition to the electric rate decrease, residential electric customers also will receive a $58.23 credit from the California Climate Credit during their October billing cycle. PG&E is working hard to stabilize electric prices through company-wide savings programs and working to lower financing costs. Residential electric rates have dropped three times over the past 15 months, which offset increases over that time, and rates are expected to go down again in 2026. "While we continue making progress to stabilize electric prices for our customers, we know there is more work to do," said Carla Peterman, PG&E 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." In the last three years, PG&E has saved approximately $2.5 billion in operating and capital costs by working more efficiently and using new technologies and improved processes, such as using drones to inspect equipment and bundling electric projects into a single scope of work. PG&E has used the savings to do more safety and reliability work for customers more quickly and to offset some costs of that work. PG&E's efforts to stabilize electric rates are going against the national trend for forecasted electric prices. While PG&E residential electric rates are going down in September and are also expected to decrease again in 2026, the U.S. Energy Information Administration forecasts that national electric prices are expected to increase through 2026, outpacing forecasted inflation. California Climate Credit Residential electric customers will receive an October Climate Credit of $58.23 on their bill. Eligible small business customers also will receive the Climate Credit. PG&E customers receive the California Climate Credit twice each year, in the spring and fall. The California Climate Credit is part of the state's efforts to combat climate change and is distributed by PG&E to help utility customers during the transition to a low-carbon future. September Gas Rate Decrease The September rate change also includes gas rates decreasing by 0.4%, saving a typical (31 therms/month) residential customer about $0.39 per month on their energy bill. Other Ways to Save PG&E offers other no- and low-cost tools to help customers save energy and money.
Financial assistance programs are available for customers who qualify including:
About PG&E
SOURCE Pacific Gas and Electric Company | ||
Company Codes: NYSE:PCG |
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