PG&E Lowers Electric Prices in March, Fifth Electric Rate Drop Since Early 2024

NodeGuardian · 2026-03-18T07:12:20+00:00

PG&E will lower residential electric rates by 13% starting March 1, 2026, marking its fifth rate drop since January 2024. Most customers will see a 1.8% reduction, while CARE customers benefit from an 8.3% decrease. Natural gas rates, however, will rise slightly by 0.3%.

NodeGuardian

2026-03-18 07:12:20

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PG&E announced its fifth electric rate drop since January 2024, effective March 1, 2026, lowering residential bundled electric rates by 13% compared to January 2024. This decrease includes a 1.8% reduction for most residential customers and an 8.3% decrease for CARE customers, alongside the introduction of a new Base Services Charge designed to make bills clearer and shift costs from low-income customers. While electric prices are decreasing, natural gas rates experienced a slight increase of 0.3% due to the recovery of authorized costs for safety and emergency response work.

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