REDWOOD CITY, CA – Peninsula Clean Energy’s Board of Directors approved lowering electric generation charges for San Mateo County and City of Los Banos customers for at least the first six months of 2025, providing additional relief in monthly bills on top of an existing discount Peninsula Clean Energy customers already receive compared to higher generation rates levied by Pacific Gas and Electric Company (PG&E).
The lowered Peninsula Clean Energy rates went into effect on February 10 following the Board’s January 23 approval, and expand the rate discount to at least 10 percent compared with PG&E generation rates. The combined discount should decrease the average customer monthly electricity bill by roughly $7 and potentially up to $20 or more in some areas and among higher energy users.
“It is increasingly difficult for everyone in our service territory to afford essential services like electricity and we are doing what we can to help lower those costs,” Peninsula Clean Energy CEO Shawn Marshall said.
Last year, Peninsula Clean Energy’s Board of Directors froze its electricity generation rates for the first six months of 2024 in response to PG&E’s announced 15-percent rate increase at the time.
“We all agree an even-deeper discount is needed this year to help our customers,” said Donna Colson, Burlingame Councilmember and Chair of Peninsula Clean Energy’s Board of Directors. “Our job is to serve the community, not shareholders. And one of the ways we do that is by keeping electricity as affordable as possible.”
Since its inception in 2016, Peninsula Clean Energy has offered its customers a discount of at least five percent below PG&E’s baseline electric generation rate, saving its customers over $185,000,000.
Peninsula Clean Energy appears as a separate line item on customer PG&E bills, replacing a higher charge imposed by PG&E for generating power. PG&E still charges all customers, including those receiving Peninsula Clean Energy-generated power, for delivering the electricity and for gas service.
Peninsula Clean Energy also offers a variety of customer energy programs to lower costs, incentives to replace old gas appliances, and rebates to make the switch to electric homes and transportation. For information about our energy programs and more ways to reduce your energy costs, visit PenCleanEnergy.com/lowerbill.
About Peninsula Clean Energy
Peninsula Clean Energy is a Community Choice Aggregation agency. It is the official electricity provider for San Mateo County and for the City of Los Banos. Founded in 2016 with a mission to reduce greenhouse gas emissions, the agency serves a population of 810,000 by providing more than 3,600 gigawatt hours annually of electricity that is 50 percent renewable and 100 percent clean at lower cost than PG&E. As a community-led, not-for-profit agency, Peninsula Clean Energy makes significant investments in its communities to expand access to sustainable and affordable energy solutions. Follow us at PenCleanEnergy.com, X, Facebook and LinkedIn.
