California’s electricity rates have been the highest in the contiguous US for a while now (only Hawaii has higher rates). The rates in California are about double the average in the rest of the country and are still going up. California is run solely by Democrats and the Public Utilities Commission has been totally on board with raising rates, six times this year.
Pacific Gas and Electric on Dec. 19 received its fifth and sixth approvals for rate increases for customers in 2024.
The California Public Utilities Commission’s decision to green-light the rate hikes — slated to hit customers’ bills next year — marked a record-breaking number of increases in what has been a record-breaking year for PG&E.
According to regulators, average PG&E bills swelled 56% over the last three years.
PG&E had profits in 2023 of $2.24 billion, a 24% increase from the…
