Pacific Gas and Electric, the electricity supplier for much of the Bay Area, has said that rates will drop in 2026.
If you feel a bit skeptical reading that, we get you! And as you’ll see below, you’re not wrong.
Both gas and electric rates have risen steeply for years now. And when it comes to the “decrease” in 2026, the details matter.
What PG&E is actually promising for 2026
On its General Rate Case information page, PG&E says that it does not expect any more electric rate hikes in 2025 and is projecting that both residential electric rates and average combined bills will be lower in 2026…