Southern California Edison changed its rates on October 1, and the utility’s typical residential bill rose from $185.85 to $188.64 a month, an increase of $2.79, or 1.5%. One piece of that change is $140.110 million in rates for recovery bonds that finance claims from the 2018 Woolsey Fire.
The net change is small because large decreases offset several increases. Edison’s own breakdown shows six separate items, from a shift in who pays what share to the cost of paying off wildfire claims.
Edison’s breakdown of the October 1 change
Edison’s rate advisory uses a residential customer on the TOU-D-4-9pm time-of-use plan who uses 500 kilowatt-hours a month. That customer’s bill goes from $185.85 to $188.64. With the California Climate Credit, it goes from $179.85 to $182.64, an increase of 1.6%…