So Cal Edison Could Increase Rates 40%

by Mark Long on Friday, May 20th, 2011 | 1 Comment

Rate Hike Ahead!

If you are a customer of So Cal Edison, you’ll soon see your electricity rates rising. In order to cover the costs of the Smart Meter program and infrastructure required to increase their renewable portfolio to 33% as new legislation requires, So Cal Edison is requesting a 40% increase in their rates over the next three years.

What Does That Mean for You as a So Cal Edison Customer?

The final decision hasn’t been made yet. The Division of Ratepayer Advocates (DRA) is fighting So Cal Edison on this increase. So Cal Edison requested a revenue increase of $4.6 billion, but DRA says that is overestimated by 80% and that they should only need $833 million more, which would only be an 8% increase.

So how much could it end up costing you as a customer of So Cal Edison? In the next 3 years, your So Cal Edison bill of $300 would go up to $321 or as high as $420, more likely somewhere in the middle. Either way, it’s a significant increase that will add up over time, and it is likely to continue to rise even after 2014.

How can you protect yourself from these increases? You don’t have to sit back and wait for these price increases to arrive at your door. Take advantage of a fixed solar power lease, and you’ll lock in lower rates for your So Cal Edison bill for the next 20 years!