According to the company the rate increase is being enforced as a way to cover higher operating costs for the company.
Those that will being seeing an increase in their bills are customers who use the most electricity already so those individuals energy bills could end up being significantly high.
This also may not be the only increase that tier 3 and 4 customers see as the company already has a request in for an additional increase.
PG&E customers in San Francisco and other areas though, such as San Mateo, Piedmont, and Berkeley, do have the option to call Electric Rates to shop around for cheaper energy and should do so to compare rates.
- The increase for the PG&E customers affected is estimated to be approximately 4.8 percent for tier 3 and 3.5 percent for tier 4.
- The rate increase will affect somewhere around 2.2 million PG&E customers in the San Francisco area.
- Tier 3 customers are now paying 29.4 cents per kilowatt hour and tier 4 are paying 40.4 cents.
- PG&E has also proposed a $1.9 billion revenue increase that would be collected over the next three years.
Customers in many cities across the country are experiencing similar rate increases and paying more for their electricity.
A 3-5 percent rate increase does not seem like a lot upon initial thought but these are actually quite significant numbers when you take into consideration the increase in costs over the entire year.
But on another note, these customers did get a decrease in their rate earlier in the year.
Electricity consumers who either cannot afford to or simply do not want to pay higher energy costs do have the option of comparing rates to try to find a better one.
Electric Rates will help you make that comparison when you call 1-903-245-4989 and speak to a representative.
Find out what is available in San Francisco before you pay the higher rate.