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San Diego Community Power delays proposed 2025 generation rates until SDG&E files updated PCI; board action set for Feb. 7
Summary
San Diego Community Power staff told the CAC that SDG&E received an extension to implement its rates on Feb. 1 and that SDCP will present proposed 2025 generation rates to its board Feb. 7, retroactive to Jan. 1, 2025; staff explained the rate-setting process and the role of PCIA/PCI vintages.
San Diego Community Power staff said the agency is postponing adoption of proposed 2025 generation rates until SDG&E provides updated power charge indifference adjustment (PCIA/PCI) and commodity/delivery information on Jan. 31, 2025.
“A very large highlight is that SDG&E was granted an extension to implement their rates on Feb. 1, 2025 instead of the originally proposed Jan. 1 implementation,” Aaron Lou, rates and strategy manager, told the Community Advisory Committee on Jan. 16. Staff said the CPUC granted the extension to reduce near‑term rate volatility and the frequency of rate changes.
Lou said staff propose to bring SDCP’s proposed 2025 generation rates to the board of directors on Feb. 7, and that the agency intends the rates to be retroactive to Jan. 1, 2025 for customers not yet billed under a new rate. He explained the agency’s rate‑setting objectives: recover costs and reserves, remain competitive, limit volatility, provide transparent rates and maintain equity across customer classes.
Staff described three sets of PCIs (vintages 2020–2022) that apply to different customer enrollments and explained why SDCP creates multiple rates to keep customer discounts and value consistent across vintages. Lou said SDG&E’s November filing indicated a system‑average commodity increase (about 6.2%) and a negative PCI (a credit) across vintages, but he cautioned that final SDG&E filings on Jan. 31 could change projections.
Committee members asked practical questions about billing during the interim. Lou said 2024 rates remain in effect until the board adopts new 2025 rates and that, where rates are made retroactive for customers not yet billed, those customers would see the new rates on their next bill; previously billed customers would not have their past bills adjusted.
The item was presented as receive and file; staff will return with a formal rate recommendation to the board for adoption Feb. 7.
