Puget Sound Energy

Commercial rate guide for PSE — Western Washington including the greater Seattle-Tacoma suburbs (Bellevue, Redmond, Tacoma suburbs), Olympia, and Bellingham. Largest utility in Washington state.

Rate Overview

per kWh

Electric & Gas

Not Available

Rate Structure

Schedule 24 (general service) and Schedule 25 (large demand general service) for electric. Gas rates under Schedule 31 (commercial gas). Demand charges above 50 kW. Decoupling mechanism adjusts rates quarterly.

Recent Rate Changes

Rising

7.4% electric increase and 5.8% gas increase effective January 2026 approved by

7.4% electric increase and 5.8% gas increase effective January 2026 approved by WUTC for clean energy compliance and infrastructure modernization

Common Billing Issues

Property managers with PSE accounts frequently encounter these billing challenges:

Decoupling rate adjustments creating quarterly bill variability

Demand charges during winter peaks for electric heating customers

Gas and electric combined billing complexity for dual-fuel properties

Clean energy compliance costs increasing annually

Meter data access delays for large portfolio management

Deregulation & Supply Choice

Regulated Market

The utility is the sole provider in this service territory.

✗No competitive supply choice

Washington is a regulated electric and gas market. Puget Sound Energy is regulated by WUTC. No competitive supply choice. CETA (Clean Energy Transformation Act) drives renewable procurement obligations.