PSE Rate Forecasting for the Next 20 years

I worked with a data analysis firm in Seattle to put together this analysis:
I’d be happy to hand over my data, I did my best to research and validate historical
rates for PSE and I made certain to stick with Tier 1 rates only since I’m not certain
when the tier system started.
The key takeaways are:
·         From 2005-2022 the average annual rate increase was 3%
·         From 2022-2025 the average annual rate increase was 24%
·         That means that from 2005-2025 the average annual rate increase was 8.5%
In 2005 we were paying $0.06/kWh, now we’re paying $0.162/kWh. If the trend
continues, we’re going to pay $0.2/kWh in 2026 followed by $0.25/kWh in 2027 and
$0.31/kWh in 2028.

PSE is telling us they’re planning a 10% rate increase next year, I believe that’s also
what they said for this year. They’re able to get away with a seemingly greater rate
increase because their UTC filing for rate increase applies to all their different rate
schedules. It appears that they’re putting more of the burden on the residential rate
schedule. I feel confident therefore that we’re going to see $0.20/kWh in 2026.
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I own Swiftwater Electric and Solar, my email is David@Swiftwaterelectricandsolar.com, my number is (425) 728-6612.
I’m offering flat rate pricing for a bill replacement program. If you’re paying a power bill
and you own your home, you can swap that power bill for a lower cost loan (assuming
you have a decent site). The loan will never increase, and you can pay it off whenever
you’re able. You’re already paying for solar by paying for electricity.
Currently, we’re not seeing any significant increases in cost from the tariffs and the
federal tax credit for solar should still be available. Those facts combined with net
metering changing some time next year means this is the perfect time to go solar.

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