Overview
- Effective Jan. 1, residential electric rates drop about 5% (roughly $7 a month) and natural gas rates fall about 3% (about $1).
- Customers enrolled in the CARE discount program see an electric rate reduction of about 6%, or around $4 per month, with gas prices down about 2.6%.
- PG&E estimates a typical combined residential bill at roughly $285 per month in January 2026, down from about $295 a year earlier yet still well above early 2023 levels.
- This marks PG&E’s fourth electric rate decrease in about two years, leaving residential electric rates roughly 11% lower than in January 2024.
- The cuts follow recent substation fires and outages now under investigation by regulators and an independent team, and they contrast with federal forecasts calling for higher U.S. electricity prices through 2026.