In its second significant drop this year, Pacific Power is decreasing power bills for its Northern California customers by 5.1 percent — approximately $6.50 per month for the average residential customer.
In all, this marks a 10 percent drop in billing since February 2020. Pacific Power credits this to operational efficiencies that have allowed savings to be passed on, along with the lingering effects of tax savings created by the Tax Cut and Jobs Act of 2017.
“Passing along these savings to our customers, along with the previous savings earlier this year, reflects our commitment to our customers,” Pacific Power President and CEO Stefan Bird said. ”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.”
These decreases will appear as credits on customer bills and will last for three years.
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