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San Diego utility customers erupt over proposed $270-a-year rate hike
New York Post • • business
Key Points:
- San Diego Gas & Electric (SDG&E) has proposed a rate hike that would increase the average household's energy bills by nearly $270 annually, seeking to raise its revenue to $3.8 billion by 2028 and continue increasing through 2031.
- The proposed 8.6% increase, roughly $22.48 per month starting in 2028, has sparked significant public outrage over affordability and the utility’s record profits, with critics accusing SDG&E of corporate greed amid already high energy costs.
- SDG&E defends the rate hike as necessary to fund wildfire prevention, infrastructure upgrades, cybersecurity, insurance, and other operational expenses, while emphasizing efforts to control costs and maintain safe, reliable energy.
- The California Public Utilities Commission (CPUC) is reviewing the proposal, with further public meetings scheduled in December, and a final decision expected in about a year, meaning the increases are not yet approved or in effect.
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