Here’s How Much PG&E Customers’ Monthly Bills Will Increase

Source: CBS 47 Fresno  |  By Hamza Fahmy

Starting October 1, a typical Pacific Gas & Electric (PG&E) customer’s monthly electric bills will increase by about $6, the utility company confirmed with KRON4. This marks the fourth PG&E price hike in 2024 alone. The California Public Utilities Commission (CPUC) agreed to the increase on Thursday. PG&E says the price hike is a form of damage control in response to an unexpected set of natural disasters that hit the state over the past few years. 

With the accumulated price hikes since the beginning of 2024, Mark Toney with the Utility Reform Network Turn says customers are seeing a nearly $50 increase in their monthly bills this year alone. He believes much of PG&E’s price hikes are due to “overspending.” “That is what is making people so upset… Instead of using a faster and cheaper way to protect their power lines — which is to install insulated polls and lines — (PG&E) wants to bury their lines at five times the cost because it produces more returns for their shareholders,” Toney said.