Based on the 2023 Senate Bill 695 Report, the nominal SCE rate is expected to increase 7.6% to 31 cents per kWh in 2024. This report also forecasted SCE rate hikes average 6% per year from 2026 to 2026, bringing the nominal rate up to 35.3 cents per kWh.
Nominal rate is a measurement of total revenue divided by units of electricity sold, and does not necessarily reflect the rate you'll see on your bill. However, it's clear that SCE rates will continue climbing through 2026.