PG&E Electric and Gas Monthly Bills Hop Over $290 Mark to Start 2024
Source: The Mercury News | By George Avalos
PG&E monthly bills are expected to average roughly $294.50 a month for the typical residential customer who receives combined electricity and gas services from the utility behemoth, according to estimates provided by the company to this news organization. That combined bill is 22.3% higher than the average monthly charges that went into effect about a year ago, at the start of January 2023, when combined bills were $240.73 for the typical residential customer.
Regulators, and potentially lawmakers, must act to rein in soaring PG&E bills and take steps to ensure they are in line with the overall inflation rate, in the view of Mark Toney, executive director of The Utility Reform Network, or TURN, a consumer group.“The current system that sets no limits on rate increases, needs to be replaced by a cap on annual bills, set at the cost of living adjustment provided by Social Security,” TURN, a consumer group, states on its website. Adjustments for the cost of living are typically tied to a benchmark for inflation.
