2027 ERRA Forecasts: SCE Procurement Costs Fall, Yet Bills Edge Higher; PG&E Projects 5.7% Bundled Increase

PG&E and SCE filed their 2027 Energy Resource Recovery Account Forecast applications with the CPUC on May 15. Neither filing is final. October updates will incorporate updated forecast assumptions, year-end balancing account data, and intervening Commission decisions.

A major variable is the CPUC's pending September 17 decision in the ERRA/PCIA Reform docket (R.25-02-005), which asks whether pre-2019 banked Renewable Energy Credits should carry a value greater than zero when used for bundled service customer compliance under the Power Charge Indifference Adjustment. That decision will flow directly into the fall updates.