The huge jump happened in 2016, and it's stayed high since. The jump reflected increase in natural gas prices and also costs for PG&Es San Bruno pipeline explosion and the resulting higher cost of maintenance of natural gas infrastructure. It was a clear demonstration of the hidden liabilities in old natural gas distribution infrastructure.
So we've paid the cost of the gas line upgrade but the cost of the electric upgrade to mitigate the fire risk is still incoming. Therefore we should expect a price shock on electricity in PG&E territory above-and-beyond the large-but-steady increases over the last eight years. And so the yawning gap will get even larger. :(
This is a shame because I strongly prefer electric everything, but not enough to make uneconomic decisions.
> So we've paid the cost of the gas line upgrade but the cost of the electric upgrade to mitigate the fire risk is still incoming.
I don't believe we've paid anywhere near the full cost of upgrading/maintaining the gas infrastructure yet. It continues to age and will require ongoing and increasing maintenance - and expensive maintenance since lines are buried.
Furthermore as more customers switch away from natural gas, the remaining customers rates will rise to pay for the infrastructure maintenance as this paper from the Haas School of Business describes [1]:
"As Figure 4 shows, this percentage rise in bills is small when only a few customers exit
the natural gas sector, but bills rise substantially if many customers exit. To understand why
this relationship is non-linear, imagine that all customers but one exit, and that remaining
customer must cover all of the utility’s legacy costs."
You're right that we will likely pay higher costs for electric infrastructure upgrades also - or alternatively experience more fire-avoidance PSPS events, or a bit of both.
But electricity as a medium for delivering energy offers more technological opportunities for addressing these issues and the very pressing issue of decarbonization than natural gas does going forward. Batteries and municipal microgrids are some of technologies that can help with this going forward.
My own plan is to keep growing my solar and battery array until I'm self sufficient. I'll be electrifying as the additional load doesn't generate revenue for PG&E. I expect the last-customer-standing problem you bring up for gas is (to a lesser extent) going to happen for electricity as well.
That's nothing.
PG&E's natural gas rates have gone up 400% since 2008 (inflation since that time has been about 30%): https://www.pge.com/tariffs/Residential.pdf
The huge jump happened in 2016, and it's stayed high since. The jump reflected increase in natural gas prices and also costs for PG&Es San Bruno pipeline explosion and the resulting higher cost of maintenance of natural gas infrastructure. It was a clear demonstration of the hidden liabilities in old natural gas distribution infrastructure.
It's interesting to note how PG&E's stock price also fared from 2016: https://www.google.com/search?q=pge+stock+price&oq=pge+stock...
which also is when they stopped paying a dividend: https://www.streetinsider.com/dividend_history.php?q=pcg