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PG&E Rates To Decrease After Years Of Hikes: What To Know
PG&E's 2.1% electric rate cut follows $2.5 billion cost savings and wildfire project completions, with customers also receiving a $58.23 California Climate Credit in October.
- On September 1, 2025, Pacific Gas and Electric Company decreased residential electric rates by 2.1%, saving typical 500 kilowatt hour customers about $5 monthly.
- PG&E said the reduction reflects the completion of wildfire-safety projects and removal of temporary costs, along with cost savings totaling $2.5 billion achieved in recent years.
- Additionally, PG&E said residential customers will receive a $58.23 California Climate Credit in October and gas rates will drop 0.4%, saving the typical gas user about $0.39 monthly; Carla Peterman said, `While we continue making progress to stabilize electric prices for our customers, we know there is more work to do`.
- Contrasting national forecasts, the U.S. Energy Information Administration expects rising electricity prices through 2026, while PG&E says rates will stabilize or fall, with another reduction expected in 2026.
- To cut costs further, PG&E secured a low-rate federal loan guarantee lowering borrowing costs by up to $1 billion and bought an Oakland office tower, projecting $400 million in real estate savings.
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Pacific Gas & Electric lowering residential electric rates by 2.1%, gas rates by 0.4% as of September
The rate decrease in California contrasts with national trends. The U.S. Energy Information Administration forecasts a rise in national electric prices through 2026, while PG&E expects its rates to decrease again in 2026.
The Mercury newsReposted by 
siliconvalley.com
siliconvalley.comPG&E monthly bills fall as some wildfire and emergency costs recede
PG&E monthly bills are heading lower during September as some costs related to wildfires and emergency responses start to recede and vanish from the utility's rate base.
·San Jose, United States
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PG&E Decreases Residential Electric Rates on Sept. 1; Customers Receive California Climate Credit on October Electric Bills
/PRNewswire/ -- Electric rates for all Pacific Gas and Electric Company (PG&E) residential customers decreased by 2.1% on September 1. For the typical...
·United States
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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