As Southern California Edison plans for its next four years, a residential rate increase of 14.4 percent could be placed on monthly bills as soon as 2021.
Edison will request the rate increase, as every four years they are required to file a General Rate Case that the electric company said helps fund their daily operations, from maintenance, to equipment and upgrades to electricity grids.
If approved by the California Public Utilities Commission, Edison customers can see their monthly bill jump up by an estimated $14 next year, an additional $4 in 2022 and another $6 by 2023. Edison did not disclose an estimated increase for the fourth year of their request.
In terms of the actual electricity, the average residential rate per KWh in July 2019 was 18.1 cents. The proposed average rate for January 2021 would be 20.7 cents per KWh.
According to the Energy Information Administration, the average annual KWh usage per household was 10,972 in 2018, which means the proposed price increase could lead to an estimated $220 more per year than customers paid at this point last year.
SCE customers will have an opportunity to call in and voice their opinions through a public forum on June 30 and July 1, using passcode: 1673482. Each day will hold two public forum sessions, at 2 p.m. and 6 p.m. Written public comments can also be submitted through the CPUC’s forum page.
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