If you are a California resident, you probably received this notice from Southern California Edison. The document is an invitation to a public forum discussing SCE's planned 14.4% rate increase in 2021.
The rate increase is due to Edisons coverage of anticipated costs between the years 2021 and 2024.
Every four years, Southern California Edison is required to file a “General Rate Case” with the California Public Utilities Commission. The GRC is used to set rates that California residents pay to fund Edison's daily operations, including “day-to-day operations, maintenance for equipment, electricity grid upgrades” and more.
Through the GRC, Southern California Edison determined its anticipated costs through 2024 for its employees to “inspect, repair, upgrade poles, transformers, and distribution lines,” resulting in the proposed 14.4% rate increase. This rate increase will undoubtedly impact hundreds of thousands of homeowners in Southern California for years to come.
See the grid below to view how the proposed rates could impact you.
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Posted July 15, 2020
by Treeium Inc..