New ideas include income-based rates, publicly-funded infrastructure, utility entrepreneurship, and customer-funded wildfire insurance.
California Public Utilities Commission (CPUC) President Marybel Batjer says the state will not let skyrocketing electricity rates threaten reliability or the state’s policy goals. But affordability is a growing concern as California works toward a “future grid” and a dynamic new power system to meet the climate crisis and related extreme weather events, stakeholders and CPUC Staff maintain. Rates rising far faster than inflation are straining the budgets of vulnerable customers and new approaches that protect policy goals and customer bills are urgently needed, they agree.
Read more at www.utilitydive.com/news/californias-dilemma-how-to-control-skyrocketing-electric-rates-while-buil/597767/