Excuse me? This is the basic rate:

https://www.pge.com/tariffs/assets/pdf/tariffbook/ELEC_SCHED...

You pay $0.40317/day for the connection but you get back $58.23 twice per year. That’s $30.70 per year.

It’s the price of the electricity that’s ridiculous in PG&E territory, not the price of the connection.

Note that many commercial users have a very different structure and pay monthly for their peak usage, measured over a 15 minute interval, and separately for their actual energy usage. So if you get a commercial 200A connection, max it out for 15 minutes, and then leave it idle for the rest of the month, you may pay something silly.