The California Public Utility Commission has proposed ways to lower electricity rates, suggesting that the state find alternate funding for programs benefiting low-income households and solar panel owners. They estimate a 15% potential rate reduction for most customers and propose a refund of about $200 million for ratepayers. This initiative stems from an executive order by Governor Newsom aimed at reducing costs. The recommendations highlight the current inequities in rate structures and the impact of climate-related investments on electricity prices.
"Inequitable rate structures and the need for unprecedented climate impact related investments have created a perfect storm driving electricity rate increases."
"California is proving that we can address affordability concerns as we continue our world-leading efforts to combat the climate crisis."
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