Last month, the California Public Utilities Commission (CPUC) approved and finalized the latest round of residential rate changes for all three investor-owned utilities. The rate changes are scheduled to become effective within the next month.
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San Diego Gas and Electric residential customer base will see an average rate increase of 13 percent from $0.20 per kilowatt-hour to $0.233 per kilowatt-hour. All four tiers will see an increase, with the majority of increases coming in tiers one and two. The lowest electricity users will be the most affected.
When rates increase, the economics of going solar become more attractive. This applies to both existing solar customers and potential customers considering going solar. Given that tiers one and two are increasing the most on a percentage basis, low usage customers considering solar stand to benefit the most. Whereas the economics of going solar may not have made sense previously for low usage customers, solar may now provide a cheaper option that staying with the utility.
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