San Diego’s public power company had complained when SDG&E was able to offer a lower rate but now its governing board has approved rates that are 3 percent cheaper than the former monopoly.
That is, as long as rates remain what both power companies OK’d so far this year – but they probably won’t.
Recent history has shown energy rates are volatile and SDG&E often asks to change rates multiple times per year at the California Public Utilities Commission, which regulates investor-owned utilities.
