Some higher-income residents – who already enjoy subsidies for solar – oppose paying more than low-income households
currently under consideration, residents who make more than $180,000 a year could pay about $500 more annually on their electricity bills, while Californians who make less than $28,000 annually could save up to $300 a year. The law is part of the state’s answer of how to equitably transition away from carbon as an energy source.
According to Severin Borenstein, one of the report’s co-authors and a professor at the University of California, Berkeley, electricity prices in the state are so high because utility companies are also paying for damages from wildfires and subsidies for rooftop solar panels, among other costs. They make up for these expenditures by raising the price for electricity use.
Borenstein similarly said that high costs for using electricity can discourage people from electrifying their homes. The income-based model will allow utility companies to lower the price they charge for using electricity because they will collect more money from fixed charges.
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