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.

Bay Area NewsGovernment & PoliticsPoliticsUnder the Dome

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

A 14-Mission Muni bus heads down Mission Street near Yerba Buena Gardens. (Kevin N. Hume/S.F. Examiner)
Pandemic experiments morph into long-term solutions for SF transit agency

The streets of San Francisco became real-time laboratories for The City’s public… Continue reading

NO CONNECTION TO SERVER:
Unable to connect to GPS server ‘blackpress.newsengin.com’
Debate reignites over San Francisco’s first public bank

Prior to the COVID-19 pandemic, momentum was building for San Francisco to… Continue reading

Owners of Levi’s Plaza on The Embarcadero say gas boilers on the property will be replaced by electric and solar sources in the next few years. (Shutterstock)
Big plans for clean power at Levi’s Plaza

Transition to net zero carbon in step with S.F.’s environmental goals

Supervisor Dean Preston speaks about rent relief at a meeting of Faith in Action, a nonprofit serving low-income residents. <ins>(Kevin N. Hume/The Examiner)</ins>
How to apply for post-pandemic rent relief in San Francisco and California

Reyna Aguilar has amassed $20,000 in rent debt since losing her restaurant… Continue reading

The San Francisco Giants are encouraging their fans to get the COVID-19 vaccine. (Chris Victorio | Special to The Examiner, 2021)
Giants to entice fans to get vaccinated with ticket giveaway starting Friday

The San Francisco Giants have partnered with the city to encourage their… Continue reading

Most Read