Pacific Gas and Electric Company (PG&E) will cut electric rates for the fourth time in two years on January 1, 2026. Natural gas rates also are going down.
Combined with previous decreases, residential electric rates will be 11% lower than in January 2024, reinforcing the company’s commitment to manage energy costs for customers. Since January 2024, typical residential electric customers will pay about $20 less on their monthly bill.
“We know how important stable and predictable bills are for families and businesses. That’s why we are lowering rates, even as national prices are expected to rise. Our actions match our promises. We’ve reduced electric rates multiple times since 2024, and we remain committed to finding new ways to save and pass those savings on to our customers,” said Patti Poppe, Pacific Gas and Electric Corporation CEO…