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PGE Announces Lower Residential Rates

OPB | Jan. 4, 2013 11:55 a.m. | Portland

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Customers of one of Oregon’s largest utilities will save a few bucks a month, thanks to lower energy costs.

Portland General Electric announced Friday that residential bills will go down an average of 2.2 percent for 2013. The lower rate starts with this month’s bill.

Steve Corson, a spokesman for PGE said, “We’re definitely seeing a decrease in terms of national costs for natural gas. Natural gas has been pretty inexpensive recently and we’re able to pass that along to our customers. The other thing we’ve seen in the Northwest is pretty strong hydro resources.”

PGE is not alone in sharing low energy prices with customers.

Three other regional utilities — Northwest Natural, Cascade Natural Gas, and Avista Utilities — also dropped rates recently. Their customers saw rates drop between about 7 percent and more than 17 percent.

The Oregon Public Utility Commission agreed last month to allow a slight increase in Pacific Power’s electricity rates for 2013.

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