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 certainvwhen the tier system started. 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.

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%

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