PG&E Power Costs Turn Out to be Lower Than Expected

Source: KSRO Radio  |  

This year, electricity bills have surged, but the actual cost of power has been much lower than PG&E’s predictions. The difference could lead to potential refunds for customers.

Matt Freedman, with the Utility Reform Network says if the money was returned, it would effectively translate into a 8-percent rate decrease. PG&E sets higher rates based on their annual estimates, but this year’s costs were lower.