The Oregon Public Utility Commission approved the rate increase for 2023, citing increased costs for producing and purchasing energy.
PORTLAND, Ore. — Portland General Electric has received the green light to raise its rates for electricity in 2023, according to the Oregon Public Utility Commission. The regulatory body cited increased costs for producing and purchasing energy heading into the new year.
The commission said that PGE’s expected costs for buying electricity and natural gas in the energy markets for 2023 “has increased significantly” over forecasts from 2022, justifying the rate increase.
Those higher rates will go into effect just days from now, on January
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