Income-Based Electric Bills: Fact and Fiction
AUGUST 29, 2023
Under new legislation, California is moving to a novel system that includes income-based fixed charges for electricity. Some critics contend that this is a giveaway to incumbent utilities. It’s not. Others have implied that the charges reflect new costs to ratepayers on top of existing rates. This is also not accurate. There are, however, important questions regarding how the new rate structure will be designed and implemented.