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# PG&E Electric Rates for January 1, 2026: Bundled Rates Fall 5.7% as DA and CCA Charges Jump 19%
- URL: https://www.calregulatory.com/pg-e-electric-rates-for-january-1-2026/
- Published: 2025-12-31T17:44:10.000Z
- Updated: 2026-01-05T01:11:24.000Z
- Author: MC
- Tags: PG&E, electricity rates, Diablo Canyon, FERC, Direct Access, CCAs, ERRA

PG&E submitted [Advice Letter 7797-E](https://www.pge.com/tariffs/assets/pdf/adviceletter/ELEC%5F7797-E.pdf?ref=calregulatory.com), its Annual Electric True-Up filing, to implement consolidated electric rate and tariff updates effective **January 1, 2026**. 

**The main story**: Load-exit economics continue to shift. Bundled customers will see a **5.7% average rate decline** driven by balancing-account timing. Meanwhile, Direct Access and Community Choice Aggregator customers face a **19% increase** as wildfire recovery, Power Charge Indifference Adjustment, Cost Allocation Mechanism, and Diablo Canyon extended-operations costs settle into non-bypassable charges. Entities that assume utility costs can be avoided through procurement choices alone must reckon with a fixed-cost floor that is rising faster than the commodities being displaced.

---

The filing rolls forward all CPUC- and FERC-authorized revenue requirement changes since PG&E’s preliminary true-up filing (*summarized* [*here*](https://www.calregulatory.com/january-1-2026-electric-rate-updates-pg-e-sce-and-sdg-e/)), updates year-end balancing account forecasts based on recorded data through November 2025, and incorporates final Commission decisions adopted through December 18, 2025\. In total, PG&E forecasts a **$1.7 billion increase** in electric revenues relative to revenues at present rates, driven primarily by balancing account amortizations, wildfire-related charges, generation and procurement adjustments, and other approved program costs. 

Despite the higher overall revenue requirement, system-average bundled rates are declining due to sales growth and rate design effects, while Direct Access and CCA rates rise because those customers’ rates exclude commodity charges and therefore reflect a higher share of non-commodity cost recovery.

The advice letter also implements:

- Updated cost-of-capital parameters;
- Diablo Canyon extended-operations cost recovery under Senate Bill 846;
- Energy Resource Recovery Account and Power Charge Indifference Adjustment updates;
- Transmission-related pass-throughs accepted by FERC; and
- Various Public Purpose Program and wildfire-related charges.

Illustrative rates are provided below. Protests are due **January 20**.

**INSTANT ANALYSIS**: PG&E’s January 1 electric rate implementation shows California’s cost-recovery center of gravity continuing to move away from energy procurement and toward system access. In short, energy is becoming a smaller share of customer bills, and access to a resilient, always-available system is becoming the product.

| **PG&E January 1, 2026 Proposed Rate Changes** (excluding GHG revenue returns) • $/kWh |          |          |        |
| -------------------------------------------------------------------------------------- | -------- | -------- | ------ |
| Schedule                                                                               | Present  | 01/01/26 | Change |
| System-Level Summary                                                                   |          |          |        |
| Bundled - System Average                                                               | $0.36200 | $0.34126 | \-5.7% |
| Direct Access/CCA Average                                                              | $0.20591 | $0.24564 | +19.3% |
| Key Commercial Schedules                                                               |          |          |        |
| Direct Access/Community Choice Aggregation                                             |          |          |        |
| B-20 Transmission                                                                      | $0.0628  | $0.08994 | +43.2% |
| B-20 Primary                                                                           | $0.13177 | $0.16265 | +23.4% |
| B-20 Secondary                                                                         | $0.15154 | $0.18492 | +22.0% |
| B-19 (all voltages weighted)                                                           | $0.17931 | $0.21805 | +21.6% |
| Standby                                                                                |          |          |        |
| Standby - Transmission                                                                 | $0.11081 | $0.14831 | +33.8% |
| Standby - Primary                                                                      | $0.33400 | $0.35604 | +6.6%  |
| Standby - Secondary                                                                    | $0.27804 | $0.31553 | +13.5% |
| Bundled                                                                                |          |          |        |
| B-20 Transmission                                                                      | $0.20082 | $0.18263 | \-9.1% |
| B-20 Primary                                                                           | $0.27157 | $0.25016 | \-7.9% |
| B-20 Secondary                                                                         | $0.30556 | $0.28308 | \-7.4% |
| B-19 (all voltages weighted)                                                           | $0.33992 | $0.31690 | \-6.8% |
| Standby                                                                                |          |          |        |
| Standby - Transmission                                                                 | $0.18650 | $0.17005 | \-8.8% |
| Standby - Primary                                                                      | $0.42999 | $0.41174 | \-4.2% |
| Standby - Secondary                                                                    | $0.48869 | $0.45259 | \-7.4% |