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Puget Sound Energy Proposes 16% Rate Hike for Residents

4/1/2026

33 5 Full Breakdown

Summary

Story summary

Puget Sound Energy seeks state approval to raise electric bills for about 1.25 million Washington residents by more than 16% to fund renewable energy projects and infrastructure upgrades.
The increases are 16.75% in 2027, 3.76% in 2028, and 8.81% in 2029.
Microsoft Corporation, the only special contract customer, will receive rate cuts of 12.49% next year.
Residents criticize the disparity, noting steep increases for many while large users benefit.

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Story summary

Puget Sound Energy seeks state approval to raise electric bills for about 1.25 million Washington residents by more than 16% to fund renewable energy projects and infrastructure upgrades.
The increases are 16.75% in 2027, 3.76% in 2028, and 8.81% in 2029.
Microsoft Corporation, the only special contract customer, will receive rate cuts of 12.49% next year.
Residents criticize the disparity, noting steep increases for many while large users benefit.