Overview
- Effective March 1, residential electric rates fell 1.8%, lowering a typical bill by about $5.14 per month, while CARE customers see an 8.3% drop of roughly $10.37.
- The move marks the third electric rate cut since September 2025 and the fifth since January 2024.
- PG&E says typical residential electric rates should be lower overall in 2026 than in 2025 based on current information.
- Bills will now display a base services charge to comply with California law, which PG&E says is not a new fee and does not raise total revenue.
- Natural gas rates rose 0.3% in March, adding about $0.24 to a typical residential bill, as average combined bills remain well above early-2023 levels.