Pacific Gas and Electric Co. (PG&E) said that with the start of the new year, residential customers will see increases in gas and electric rates, which cover the utility's costs of buying energy, investing in new plants and equipment and paying for state mandates such as special programs to help income-qualified customers.
PG&E's average rates for residential gas customers will dip 0.3 percent compared to January 2011 and increase 1.8 percent over December 2011. Average residential electric rates will increase 2.9 percent over January 1, 2011, or 2.4 percent over December 2011 (see table below for average estimated bill impacts).
In a news release the company said the January electric rate change will provide increased revenues to repair and replace aging infrastructure and invest in clean energy supplies, among other needs. Electric and gas rates have not been affected by PG&E’s costs stemming from the San Bruno tragedy, which have been borne by the utility's shareholders.
AVERAGE RESIDENTIAL ELECTRIC BILLS
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