California’s new equity-based electricity rates: From each according to his ability

California’s three largest power companies have put forward a new plan for how homeowners will pay their energy bills. The general idea is that the cost of the actual electricity you use each month will be separated from the “infrastructure charge,” i.e. the cost of maintaining and building the grid that delivers that electricity. Users will pay a smaller fee for the actual amount of electricity they use but al larger, fixed monthly fee for maintaining the grid.Read More