California's privately owned utility companies mislead customers by presenting state-issued climate credits as company rebates, undermining transparency about their actual practices and rate increases.
The state's climate credit is funded by carbon pollution permits from power plants, which utilities disguise as generous rebates, while they seek continual rate increases under regulatory approval.
In late 2025, a new billing system will introduce a flat monthly rate for residential customers, but concerns remain about how this rate structure will impact overall costs.
Despite the supposed benefits of flat rates, utilities have a history of seeking rate increases, raising questions about their commitment to providing fair pricing for customers.
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