SDG&E Electric Rates for January 1, 2026: 10% Bundled Increase but Procurement Isn't the Driver

SDG&E filed Advice Letter 4757-E to consolidate all CPUC- and FERC-authorized electric rate changes into a single filing implementing January 1 rates. (The filing will eventually be available on SDG&E's advice-letter page.)

AL 4757-E incorporates adjustments previously approved through SDG&E's General Rate Case Track 1, the CPUC's 2026 Cost of Capital decision, procurement forecasts, wildfire cost recovery, Public Purpose Program surcharges, and transmission charges. GRC Track 2 is not included (the Commission pushed consideration of those issues to its January 15 voting meeting).

AL 4757-E updates preliminary estimates that SDG&E filed in November (see our summary here) with final adopted figures.

SDG&E reports that system-average electric delivery rates (excluding the California Climate Credit) have increased by about 1.6¢/kWh, or 7.4%, while total bundled rates (delivery plus generation) have increased by 3.7¢/kWh, or 10.2%, relative to current rates.