According to the Los Angeles Times, Electricity Rates are going up for Southern California Edison Customers. The California Public Utilities Commission has approved rate hikes for SCE. According to the times, ”
Almost 5 million Southern California Edison Co. customers in hundreds of cities and communities across the southern, central and coastal parts of the state will be hit with higher electric bills early next year and bigger hikes in each of the following two years.
The decision, which Edison says will add an average of $7 a month to residential bills for the first year, covers Edison’s costs to provide service, which amounts to about half a ratepayer’s bill. Other costs for buying fuel and contracting for power deliveries fluctuate and are passed directly to consumers.”
While an average of $7 doesn’t sound like much, most solar customers aren’t average. If you own a home and have a power bill over $150, your bill will increase substantially. The rates for 2014 and 2015 are expected to rise 6.3% and 5.9%, respectively. Once again, this is an average. Customers in Tier 3, 4, and 5 will be the biggest losers.