Pricier Gas Means PG&E Bills Will Increase

Ring in the new year with some more expensive electricity.

By Chris Roberts
|  Wednesday, Jan 1, 2014  |  Updated 5:19 PM PDT
View Comments (
)
|
Email
|
Print
Pricier Gas Means PG&E Bills Will Increase

Up with the gas bills.

Customers of Pacific Gas and Electric Company will see their monthly bills rise by about $3.38 this year, according to the utility giant. The reason, according to the San Francisco Chronicle, is pricier natural gas.

A 2.8 percent increase in price went into effect on Jan. 1, for an average customer bill for energy at $123.97 -- and an extra $145 million in revenue for PG&E.

Natural gas is more expensive this year, and PG&E buys electricity from power plants that burn natural gas, according to the Chronicle.

Utilities in California are allowed to pass on such price increases to customers, the newspaper reported.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out