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As the country goes all electric with electric cars, etc the power company’s grid is tapped out and can’t meet the growing demand. Increased demand means increased rates and black outs. In the last 4 years, rates spiked 72% with more coming.
As more people go solar, the power company loses that revenue forever. In addition, all new homes are required to be built with solar so the power company has no way of replenishing their dwindling revenue. The only way to get additional money is to raise rates. With fewer people left to cover the power company’s expenses, rate spikes are certain to continue.
Edison Requests to Increase Rates 22.6% for 2025
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This notice was included in Edison's January 2024 bill.
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This increase will be on top of whatever the power company raises their rates in 2024.
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Average annual increases have been 17% each of the last 4 years.
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An average $150/mo power bill will increase $35 to $185/mo.
Edison to pay $80 million over deadly 2017 Thomas fire
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Edison has paid out millions in recent years tied to wildfires. In 2021, the utility agreed to pay $550 million in fines to the California Public Utilities Commission safety and enforcement division for its role in five wildfires.
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Where does Edison get the money to pay for this fine? Substantial rate increases are certain to continue.
With your Power Company your rate is unpredictable.
With Sunrun, it’s fully predictable.
YOUR ELECTRICITY RATE