Electricity Rates on the Rise
Rates businesses pay for electricity are under pressure in the Sacramento region.
Tuesday, January 18, 2005
Customers of PG&E are seeing their electric bills rise between one and a half and nearly five percent, due to rate hikes that started January 1st. Roseville Electric and the Sacramento Municipal Utility District want to jack up their rates too, because it’s costing more for the natural gas used to fired up their power plants. Public hearings are coming. In Sacramento County, a mom and pop small business could see a 10% rate hike. Most companies in Roseville and Sacramento would see an average increase of 5 to 6% under the utility plans. SMUD in particular says it will face a $180 million shortfall over the next 3 years if it doesn’t raise rates. Homeowners are also absorbing some of the pain, with their bills going up several dollars.