California’s dilemma: How to control skyrocketing electric rates while building the grid of the future

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/

Share this

Related Resources

News & Insights

97% of smart meters fail to provide promised customer benefits

Read more
News & Insights

CPUC imposes largest ever penalty of $1.9B on PG&E for Northern California wildfires

Read more
News & Insights

Big CA Utilities Winning Battle Over Solar Power

Read more