PG&E bills to go down for most customers in the new year: Here's how much

OAKLAND, Calif. (KGO) -- Pacific Gas and Electric Company says energy bills will go down starting January 1.

The utility company says it's because of stabilizing energy rates.

Residential electricity rates will decrease about 5%.

That's roughly $7 cheaper per month for the average PG&E customer. For CARE customers, bills will go down approximately $4 per month, PG&E said.

"We know how important stable and predictable bills are for families and businesses. That's why we are lowering rates, even as national prices are expected to rise. Our actions match our promises. We've reduced electric rates multiple times since 2024, and we remain committed to finding new ways to save and pass those savings on to our customers," said Patti Poppe, Pacific Gas and Electric Corporation CEO, in a press release.

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Natural gas rates will go down by 3% or about a $1 per month for most customers.

The utility says this is the fourth rate decrease in the last two years.

PG&E said the latest cuts will show up on your bill in the near future, and people living in the Central Valley could see a bigger drop than the average customer.

''Customers here in the Central Valley will actually probably see a greater decrease than the average cost, versus the average cost is $20 for the average family in PG&E service territory. The Central Valley, because electricity use, particularly in the summer months, are higher, here may actually see even more than that,'' said Central Valley PG&E spokesperson Jeff Smith.