PG&E is planning to raise rates in 2023. The proposed 18% increase will reportedly assist with safeguarding the power grid and help prevent future wildfires.
According to the San Francisco Chronicle,
The proposed rate change, which PG&E officials say would amount to a roughly 5% average annual increase on residential bills through 2026, would fund such work as expanded tree thinning near power equipment, more undergrounding of electrical lines and installing technology to locate system safety failures
More information available here.