the state’s largest provider of electricity and natural gas, is implementing rate increases that will impact its customers over the next two years.to raise electric and natural gas rates once again. Both rates will increase by less than one percent on May 1.: If you’re a typical residential electric customer using 800 kWh of energy per month, your monthly bill increased by $7.75 or 8.7% in 2023, resulting in an average bill of $96.65. In 2024, there will be an additional $1.67 or 1.
The company said wholesale gas prices have been climbing steadily, impacting both electricity and natural gas bills. It also said PSE is starting to align with state goals by investing in cleaner energy sources and continued investments are necessary to maintain a reliable energy grid.One aspect is revenue requirements as PSE must improve low-income assistance, address overdue bills and enhance conservation incentives.
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