Pacific Gas and Electric Company (PG&E) residential customers saw a 2.1 percent decrease in electric rates beginning September 1. For the typical household using 500 kilowatt hours per month without discounts, this translates to about five dollars in monthly savings.
The decrease is tied to the completion of several wildfire safety and emergency response projects, which removed temporary costs from rates. In addition, customers will benefit from the California Climate Credit, which provides a $58.23 bill credit during the October billing cycle.
PG&E has reduced electric rates three times in the past 15 months, offsetting increases during that same period. Another rate reduction is expected in 2026. The company said it is working to stabilize prices through cost savings and lower financin