La Jolla: What’s Up With Electric Rates?

Press release from La Jolla by the Sea:

February 17 , 2022

At the start of every year, SDG&E and other utilities across California are required to update energy pricing to reflect the costs of providing clean, safe and reliable service to customers. Updated rates for both electric and gas services went into effect Jan. 1, 2022. Multiple factors impact electricity and natural gas rates – everything ranging from commodity fuel prices to legislative mandates to the price of carbon credits required to offset greenhouse gas emissions.

There is no ideal time to increase rates, especially now with inflation driving up the cost of goods and services across the board and putting more financial strain on working families. We constantly look for ways to make our operations more efficient and use a suite of tools to buy energy at the best possible prices for our customers. Even so, surging natural gas prices – along with the ongoing need to strengthen safety, reliability and sustainability and provide public benefit programs – are creating challenges.

Below is a breakdown of some of the key factors driving up rates.

Electric Rates

Natural Gas Rates

Help for Customers

Anyone who is struggling to pay their bill is encouraged to use the MyAccount web portal to make payment arrangements and visit sdge.com/assistance to learn more about their options and assistance programs. To learn how to save on energy bills this winter, visit sdge.com/winter.

This press release was produced by La Jolla by the Sea. The views expressed are the author's own.