The California Public Utilities Commission (CPUC) recently approved a rate increase for Southern California Edison (SCE) customers. The increase, which will take effect in 2025, is intended to cover the costs of upgrading the utility’s infrastructure and improving reliability. The CPUC found that SCE’s current rates are not sufficient to cover its costs and that the increase is necessary to ensure the continued safe and reliable operation of the electric grid.
The CPUC also found that the increase is reasonable and will not place an undue burden on SCE customers. The average residential customer will see their bill increase by about _ 10%_ per month, or _ $120_ per year. The increase will be phased in over a three-year period, with the full amount taking effect in 2025.