SAN FRANCISCO – Pacific Gas and Electric Company (PG&E) said Tuesday that it expects its system-average bundled electric rate to remain nearly flat into 2011.
The rate decreased by 0.8 percent on January 1 and will increase by 1.5 percent on March 1, resulting in a net increase of 0.7 percent, the company reported.
PG&E’s March 1 rate would be approximately 2 percent below its March 1, 2010 rate.
The rate change primarily reflects electric transmission-related costs approved annually by the Federal Energy Regulatory Commission. Actual bill effects will vary among customer classes and by customer usage.
The March 1 rate change does not include revenue that is covered by PG&E’s 2011-13 General Rate Case.
Based on the proposed and alternate decisions recently issued by the California Public Utilities Commission (CPUC), PG&E anticipates that the final decision will further increase the system-average bundled electric rate by less than 0.1 percent.
Average residential electric bills are expected to show the following changes.
Customer Usage January 2011 March 2011 Change
550 kWh $78.86 $79.70 1.1%
850 kWh $173.67 $178.64 2.9%
1,500 kWh $427.03 $440.92 3.3%
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