Wednesday, June 5, 2013

SDG&E Electric Rates Set to Surge: Over 13%

Starting in September utility bills are set to rise for San Diego residents with a four-year rate increase totaling more than $500 million for customers of SDG&E. Due to this, a typical household will see monthly gas and electric bills rise over 13%. This means that a bill of $150/month will increase in excess of $170/month.
The hike will be collected retroactively, so many bills will rise by more than this percentage to catch up. Subsequent annual increases of nearly 3% will be tied to the urban Consumer Price Index along with additional costs passed along to residential customers, including $161 million for SONGS (San Onofre Nuclear Generating Station).
With utility bills on the rise, there’s never been a better time to stop giving your money to SDG&E. One of the strongest alternatives for home-owners is solar power, a renewable energy source that actually serves as a cost cutting measure and investment. Luckily, going solar is more accessible than ever due to the abundance of financing options available. Home owners can pay cash upfront or go for alternative options such as San Diego solar leasing and loan programs. Whichever route a home owner chooses to take, they will overcome high electricity bills and utilize clean green energy sourced directly from the sun.