Fernanda Tinoco, left, makes espresso coffees as Karina Ramos takes orders at Happy Donuts in Oakland on Feb. 2, 2024. Happy Donuts has been impacted by the new PG&E rates, raising prices around $0.50 per donut.
“The cost of living is already so high, and to add another rate increase, people are very angry about it,” he continued. “They don’t understand it. Why is it that rates keep going up, when you have a company that made $2 billion in profit last year?So far, answers to such pressing questions remain elusive, and potential solutions far from assured.that would order the CPUC to cut electricity rates by 30%.
According to the CPUC, the billing structure would include a flat rate of $24.15 per month for most households, which would reduce the price of electricity by 5-7 cents per kilowatt hour. If approved, it would go into effect late 2025 and early 2026.The Utility Reform Network Gallagher contends that climate mandates can be costly requirements passed onto consumers, and routinely hears from constituents exhausted by the rate spikes and sometimes one paycheck from losing everything. PG&E failed to modernize and keep up with vegetation management, but now wants to place more underground utility wires and send consumers the bill.