PGE has filed a 2025 rate review with the Oregon Public Utility Commission (OPUC).
Modernizing the grid to meet customer needs and deliver safe, reliable energy requires ongoing investments. PGE recently made an update to the original rate review filing, and is seeking a total estimated 8.6% rate adjustment for 2025. This total includes base rates, power costs, and other factors. At this time, no final rate case determination has been made and no number is final.
As a regulated utility, our prices, the costs of operating the business and investor returns are reviewed and determined by the Oregon Public Utility Commission through an open, transparent public process. If changes are approved, they will take place in 2025.
These are the main reasons for the proposed 2025 rate increase:
Non-emitting batteries provide vital reserve power when needed. PGE’s new battery installations will be able to reduce the risk of outages and can reduce the need to purchase energy from the power market during times of peak demand.
Upgrades to legacy infrastructure increase resilience to extreme weather and allow dependable energy to flow to an increasing number of customers with changing needs.
Continued maintenance and modernization to generation facilities provides increased resilience and long-term, dependable power.
Additional items included in the filing cover PGE’s protection of customers and communities and necessary operating costs.
Electric utilities across the industry are facing the challenge of modernizing infrastructure, increasing resiliency and adapting to shifting customer needs. Rate reviews reflect these ongoing investments and operating costs. Rate review filings are how PGE makes investments in the system, recovers costs and funds new projects that deliver savings and long-term customer benefit.
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As a regulated utility, we’re required to serve all customers in our area.
Investors provide funding to invest in improvements.
Regulators review our investments to make sure costs, rates and investor returns are reasonable.
This process is called a “rate case” – and it’s fully public and transparent.
Read PGE’s rate review filing.
To get involved: You can participate in a public meeting or email the OPUC at puc.consumer@puc.oregon.gov.
You can view the public meeting for UE 435, PGE’s request for a general rate revision, on the OPUC website here.
When will the rate increases take effect? What are the next steps?
Rate changes are not expected to be determined until late 2024, and would not take effect until January 1, 2025 at the earliest.
State regulators review our investments, expenditures, prices and investor returns to determine what is fair and reasonable. This process is called a rate case and it's fully public and transparent.
For more information you can visit www.oregon.gov/puc
What is the amount customers can expect in 2025?
The amount is not known yet, the final amount will be determined by the rate review process that is underway.
PGE’s rate review filing will go through a regulated and public process to determine a final rate change amount for 2025.
What is driving this rate review filing?
Capital projects to bolster system reliability, including local battery projects and upgrades to transmission and distribution to provide reliable power to more customers.
What is PGE doing to manage their own costs?
We have focused on managing spending and keeping operating costs low. We have managed increased energy demand and infrastructure investments with the same number of employees year-over-year, implemented new technologies that result in savings and our hard-working crews continue to focus on serving our customers reliable and dependable power.
Why am I hearing the rate increase for 2025 could be different than 6.3%?
There are ongoing updates to the power cost parts of any rate review. This reflects our costs to purchase power over the course of the year. We do these power cost filings routinely each year, at multiple regularly scheduled intervals, and they fluctuate throughout the year.
When we filed the rate review request in February, it did not include a full amount for power costs, since those are updated once we know how much it cost us to purchase power on the market throughout the year.
In the end, the final power cost included in 2025 rates could be more or less than the ~3% we estimated in late July.