I have SoCalGas, and the gas bills were definitely crazy high for January. It spiked to $3.50 per therm. However, I think March is going to be back to normal to about $0.60 per therm. But Socalgas is also proposing permanent hikes in the bill like.
Here’s how that breaks down for SoCalGas:
- In 2024, it wants another $738 million (a 20.2% increase over 2023 expected revenues)
- In 2025, it wants another $295 million (6.7%)
- In 2026, another $261 million (5.6%)
- And in 2027, another $379 million (7.7%)
As far as electricity, I have Southern California Edison, before I had the solar, my electricity bill was over $500+ per month (without a reef tank) in the summer. I installed solar about 4 years ago. And the current rate plan was awesome, it allowed me to not have any electric bills. But the latest rate plans by the electric company really screws with people with solar panels as they made the peak hours from 4pm-9pm, so the majority of electricity generated by the sun is at off-peak rates. And the peak rates are basically mostly in the evening now. I will be transitioned from my current rate plan to the new rate plan next year because you are only grandfathered into the current rate plan for 5 years.