Southern California Edison Cuts Customer Bills with $72 Summer Credit, Rates Down 4.3% in 2026 — Edison International

Event summary

Southern California Edison (SCE) is providing a $72 credit to customers in August and September 2026 to ease summer bill pressures.
Average electricity rates for SCE customers are down 4.3% in 2026 compared to December 2025, with further decreases expected later this year.
The California Climate Credit, funded by the state’s Cap-and-Invest program, is being shifted to peak summer months to offer timely relief.
SCE expects future rate updates to track at or below local inflation through 2030, supported by spreading fixed costs across higher energy consumption.

The big picture

SCE’s bill relief measures reflect broader utility industry trends of balancing affordability with clean energy investments. The shift in climate credit timing aligns with California’s regulatory push for equitable energy pricing, while SCE’s rate stabilization strategy underscores the challenge of managing inflationary pressures in a high-cost state. The utility’s ability to maintain low rates while expanding grid reliability will be critical for long-term customer satisfaction and regulatory compliance.

What we're watching

Regulatory Alignment: Whether SCE can sustain below-inflation rate increases while meeting California’s clean energy mandates.
Customer Adoption: The pace at which customers utilize SCE’s energy-saving programs, such as time-of-use rate plans and EV rebates.
Operational Efficiency: How effectively SCE spreads fixed costs across growing energy consumption to maintain affordability.