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Puget Sound Energy Proposes Hefty Rate Hikes to Pay for Hydro and Wind Power
The state’s largest provider of electricity and natural gas proposed its two-year rate hike to the Washington Utilities and Transportation Commission this month.
The typical residential electricity customer would see a monthly bill increase of:
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$7.84 starting in 2025 and an
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Additional $11.20 in 2026.
The typical natural gas customer would see a monthly increase of:
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$13.96 starting in 2025 and
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Additional $1.51 in 2026”
These rate increases will need to be approved by the utilities commission, which could take up to 11 months, and would constitute an increase of about 17% and 20% over two years.
New State laws require utilities to transition toward carbon-free or non-emitting sources of electricity and meet emissions targets, among other requirements. To comply, PSE will need to shift away from natural gas and coal, which made up nearly half of its electricity generation in 2022.
Seattle Times
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