The California Public Utilities Fee (CPUC) lately authorized a fee improve for Southern California Edison (SCE) prospects. The rise, which can take impact in 2025, is meant to cowl the prices of upgrading the utility’s infrastructure and enhancing reliability. The CPUC discovered that SCE’s present charges aren’t adequate to cowl its prices and that the rise is important to make sure the continued protected and dependable operation of the electrical grid.
The CPUC additionally discovered that the rise is cheap and won’t place an undue burden on SCE prospects. The typical residential buyer will see their invoice improve by about _ 10%_ monthly, or _ $120_ per 12 months. The rise shall be phased in over a three-year interval, with the complete quantity taking impact in 2025.