Rate Roundup: Jan. 1, 2026 Advice Letter Summaries for PG&E, SCE, SDG&E, and SoCalGas All in One Place
Over the holidays, California’s major investor-owned utilities filed their consolidated January 1, 2026 electric and gas rate implementations.
Electric Impacts
- PG&E Electric Rates for January 1, 2026: Bundled Rates Fall 5.7% as DA and CCA Charges Jump 19%
- SCE Rates for January 1, 2026: $444 Million Reset – Rates Down Now, System Costs Up Long-Term
- SDG&E Electric Rates for January 1, 2026: 10% Bundled Increase but Procurement Isn't the Driver
Natural Gas Impacts
- PG&E Natural Gas Rates for January 1, 2026: Rates Fall on Accounting, Not Reform
- SDG&E Natural Gas Rates for January 1, 2026: Transport Rates Down, Bills Up
- SoCalGas Rates for January 1, 2026 Include a Massive 54.6% Backbone Transportation Service Increase
The surface results vary:
- Electric bundled rates fall at PG&E and SCE but rise at SDG&E; and
- Gas transportation revenues decline modestly across PG&E and SoCalGas/SDG&E's systems
Yet the filings point to a consistent underlying dynamic: cost pressure is shifting away from commodity energy and toward system access, reconciliation, and risk recovery.
Electric IOUs
On the electric side, the major electric IOUs enter 2026 with higher revenue requirements: