SCE Rate Advisory -January 1, 2024

Throughout the year, we submit requests to the California Public Utilities Commission (CPUC) to change our rates. These requests must be approved by the CPUC. Changes to our rates may cause your monthly electricity bill to increase or decrease.

Current Average Residential Rate: 33.1 cents per kWh

New Average Residential Rate: 33.4 cents per kWh

The table below shows an estimate of how your residential SCE bill may be affected by our January 1, 2024 rate increase:

Average Residential Customer Monthly Bill Impacts

• The rate increase is the cumulative result of decisions issued last year for multiple SCE requests.
• We are increasing our electricity rates mostly to help cover the cost of reducing the risk of catastrophic wildfires in our service area by enhancing vegetation management, covering bare conductors, and completing other important wildfire mitigation work.
• The rate increase also covers the cost of repairing and restoring services to our customers who have been impacted by catastrophic events in prior years.
• At the end of each year, we adjust our rates based on the amount of electricity our customers actually use compared to what we forecasted. If the total amount of electricity used is lower than forecasted, as was the case in 2023, rates are increased to make up the difference.

We offer many programs, tools, incentives, and rebates to help you reduce energy usage and manage costs at home and at work. Visit our Home Efficiency Guide for energy-saving tips and learn more about ways to save.