PSE's rate plan for safe operations, growth, and clean energy compliance
In February, PSE filed a rate plan request for 2027 through 2029 with the Washington Utilities and Transportation Commission (UTC). In Washington, any proposed rate changes for an investor-owned utility undergo a review process of up to 11 months by the UTC, which has the authority to set final rates that may differ from PSE’s requests based on the results of its review.
The rate plan reflects the substantial capital investments PSE must make to address several critical challenges:
- Continue delivering safe and reliable natural gas and electric service to our approximately 1.7 million customers
- Ensure sufficient capacity to meet growing energy demand
- Continue making progress toward Washington state’s clean energy requirements, including providing 80% of electricity from renewable or non-emitting resources by 2030 - 2033.
In addition to capital, the rate plan also includes operating expenses necessary for system safety, reliability, and resiliency; to contribute to the state’s clean energy transformation policies; and to improve customer experience.
We recognize the strain that higher bills put on the families and businesses we serve. At the same time, our customers count on us to provide safe, reliable energy. This rate plan reflects the balance PSE must strike: keeping the gas and electric system strong and dependable, investing in cleaner resources that will power the future, and doing so as responsibly and thoughtfully as possible.
Check out the resources below to learn more about the rate plan and get assistance.
PSE is expanding customer incentives to reduce demand at times of peak use, helping offset the need to acquire power when it is most expensive. The rate plan includes a proposal to make the current time-of-use pilot a permanent program for all customers—participating customers receive a lower rate for switching their energy use to times when demand is low.
PSE is also adding a new “Peak Time Savings” program. Customers who choose to participate can save $.50/kWh during Flex events that are called by PSE when demand is predicted to spike. Customers can save more—$1/kWh—by enrolling in PSE’s existing Flex Rewards program.
