Residential rates to increase at least 5% under Seattle City Light rate hike plan

Seattle City Light released its 2023-24 retail rate ordinance in a presentation Wednesday, revealing that all of its customers’ rates will increase by an average of 4.5%, with residential customers’ rates increasing by at least 5% over those two years.

According to SCL, the main factor in the increased rates is the inflation in the price of materials, services and labor, along with flat demand for electricity, strategic electrification, and new green power needs.

SCL said that since 2020, steel, aluminum and copper prices have increased 70%-80% —overhead wire is up around 20%, underground cable is up 30%-60%, and conduit is up 33%.

For 2023, residential rates

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