Puget Sound Energy (PSE) customers will receive lower rates on their electric bills starting this month, according to the Utilities and Transportation Commission (UTC).
The changes stem from a decision by the commission to reduce rates for electric customers as a result of tax savings brought on by the federal tax reform bill, called the Tax Cuts and Jobs Act.
According to UTC, PSE is slated to see a $108.5 million decrease in electric revenue and a $10.7 million decrease in natural gas revenue as a result of the changes. Customers who use an average 900 kilowatts-hour per month will see a decrease of $6.91 per month, according to PSE.
Natural gas customers will not see a decrease in their rates as a result of a rise in surcharges.
PSE provides electricity service to more than 1.1 million customers in King, Pierce, Island, Kitsap, Kittitas, Skagit, Whatcom and Thurston counties. To learn more, visit utc.wa.gov.
