How to lower your electric bill in 2023
The cost of electricity for businesses in our state has seen significant increases over the last few years, especially since 2020, with some businesses experiencing increases as high as 23% every year.
SDGE customers have seen an almost 23% annual increase in electricity rates, resulting in an overall rate jump of 68% since 2019.
SCE customers have experienced an almost 19% annual rate increase, leading to 56% higher electricity bills over the same period.
PGE customers, meanwhile, have endured an average annual increase of nearly 13%, resulting in a 38% jump in electricity costs over three years1.
Summer Time Of Use (TOU) rates have only exacerbated the situation. From 4-9pm each day during summer, electricity costs can skyrocket by up to 300%, adding considerable expense to businesses over the course of several months.
There are two basic things that every rate payer should be doing and they are:
Check Your Bill: Ensure you're not paying more than you should be. If you find any discrepancies or have any concerns, reach out to your electricity provider for clarification or send a copy to us at custome@sunisticsgroup.com and we can take a look.
Curb Your Usage: Particularly between 4-9pm during the summer, try to reduce your electricity usage as much as possible to avoid the peak time-of-use (TOU) rates.
You can also ask us to run the numbers on a solar system for you. With tax credits and the high electric rates, the payback period is often two years, making it the best investment around.