Energy bills have been on the rise across the nation — and California is no different. A recent study highlights a variety of factors impacting Californians electric costs, including increased costs to harden the system from wildfires and more investments in fixed-capital infrastructure.
Fortunately, energy regulators in California are poised to take two steps to address energy bill affordability, while still protecting the environment. The first is a critical decision on how energy utilities structure their profits, known as the “cost of capital”, and the second is a new set of rules focused on how California measures the affordability of utility services.
EDF projects that, by bringing shareholder profits in check, these actions could result in over $300 million in annual savings for Californians.