Customers of Pacific Gas and Electric Co. can expect to see some meager savings in the new year as the California utility decreases rates for power and natural gas, the company said.
In a Tuesday, Dec. 30, news release, PG&E said the rate cuts go into effect Jan. 1. It’s the fourth time the company has cut rates for customers in the last two years.
PG&E said this most recent round of cuts will save average residential electric customers $7 per month and natural gas customers $1.
How much are electric rates dropping?
Residential electric rates will fall by 5% for customers who get both electricity supply and delivery service from PG&E compared to current rates, the company said…