Electricity rates jumping in 2011

Think you’re paying a lot for your electricity now? Just wait until 2011.

This week, San Francisco-based PG&E filed paperwork with the California Public Utilities Commission to increase gas rates by 5.3 percent and electric rates by 6.7 percent — for a total of 6.4 percent hike in the total bill. The rate hike was first reported by the San Francisco Business Times.

The company argued they need the rate increase to raise another billion dollars in revenue for that year.

Rates would be increased more for big energy users and less for smaller ones. In an example given by the paperwork, a customer who today pays $74.13 for electricity would only pay about $2.37 more in 2011 — about a 3 percent increase. But a customer who today pays $164.15 for electricity would pay $181.59 starting Jan. 1, 2011 — a hike of a whopping 10.6 percent.

Rates could rise further in the following two years, if the CPUC grants PG&E’s request for an “attrition adjustment” that would raise the company’s revenue by $275 million in 2012 and $343 million in 2013.

Just Posted

SF to shut down 82 oil wells on Fresno County property

“Keep It in the Ground” legislation prohibits the extraction of oil, gas and minerals from city land

Central Subway contractor dispute threatens to bust budget

Muni’s $1.6 billion Central Subway project is nearly out of money. An… Continue reading

Lyft rolls out new rental bikes

San Francisco welcomed 2,400 electric-assist rental bikes on its streets Friday morning… Continue reading

Navigation Center opponents’ lawsuit sent back to SF

Judge declines to issue immediate injunction stopping construction of Embarcadero shelter

Judge quashes warrant to search SF journalist’s phone records

Police raids on the home and office of freelancer Bryan Carmody drew national attention

Most Read