Pacific Power customers in Northern California will see a 5.1 percent reduction in their power bills beginning immediately under a filing made March 18, for a total decrease to customer rates of over 10 percent since February 2020.
Savings from Pacific Power’s operational efficiencies were passed on to customers in an earlier rate decision in February that resulted in a 5 percent decrease for customers. This additional 5.1 percent decrease is the pass through of tax savings realized from the Tax Cut and Jobs Act of 2017. The decrease, which will appear as a credit on customer bills, will be for three years and involves tax savings accrued from Jan. 1, 2018 until the present time.
An average residential customer, using 850 kilowatt hours per month, will see an additional bill decrease of about $6.50 per month on top of the decrease that appeared in February.
“Passing along these savings to our customers, along with the previous savings earlier this year, reflects our commitment to our customers,” said Stefan Bird, president and CEO of Pacific Power. ”We work hard to efficiently generate and deliver power to the communities we serve and when we realize savings through our actions or from government policy changes, passing it on to customers is absolutely the right thing to do. In this time of public health and economic uncertainty, it is essential to get these savings to our customers as quickly as is possible.”