{"id":11183,"date":"2023-07-13T16:08:30","date_gmt":"2023-07-13T16:08:30","guid":{"rendered":"http:\/\/lonecandle.com\/?p=11183"},"modified":"2023-07-13T16:08:30","modified_gmt":"2023-07-13T16:08:30","slug":"californias-latest-tax-the-rich-scheme-electric-bills-based-on-income","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=11183","title":{"rendered":"California&#8217;s Latest Tax-the-Rich Scheme: Electric Bills Based on Income"},"content":{"rendered":"\n<p>\n\n&#8220;Electric power customers typically pay more if they use more. Under a&nbsp;<a href=\"https:\/\/legiscan.com\/CA\/text\/AB205\/2021\" target=\"_blank\" rel=\"noreferrer noopener\">new law<\/a>, customers of California&#8217;s three largest private utilities will be charged a fixed fee based on their incomes, not just how much power they use. The chief motivation behind this&nbsp;<a href=\"https:\/\/www.cpuc.ca.gov\/-\/media\/cpuc-website\/divisions\/energy-division\/documents\/demand-response\/demand-response-workshops\/advanced-der---demand-flexibility-management\/joint-ious-opening-testimony-exhibit-1-errata-clean.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">scheme<\/a>&nbsp;is to provide some relief to low-income customers who are being hammered by escalating electricity rates as the Golden State transitions from fossil fuels to wind and solar power.&#8221;<br>&#8230;<br>&#8220;the value of the investments in energy efficiency already made by millions of Californians will be undercut. For example, consider a high income customer who has put in better insulation, bought energy-sparing appliances, or even installed a solar energy system and thereby cut his monthly electric bill to $50 per month. His cost for electricity is now $600 annually. The 42 percent cut in his rates lowers that to $348 per year, but the total fixed fee is $1,536. That results in more than tripling his bill to $1,884 annually.*&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"VS4w65EJpg\"><a href=\"https:\/\/reason.com\/2023\/06\/13\/californias-latest-tax-the-rich-scheme-electric-bills-based-on-income\/\">California&#8217;s Latest Tax-the-Rich Scheme: Electric Bills Based on Income<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;California&#039;s Latest Tax-the-Rich Scheme: Electric Bills Based on Income&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2023\/06\/13\/californias-latest-tax-the-rich-scheme-electric-bills-based-on-income\/embed\/#?secret=YVQSujYSVp#?secret=VS4w65EJpg\" data-secret=\"VS4w65EJpg\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Electric power customers typically pay more if they use more. Under a new law, customers of California&#8217;s three largest private utilities will be charged a fixed fee based on their incomes, not just how much power they use. The chief motivation behind this scheme is to provide some relief to low-income customers who are being hammered by escalating electricity rates as the Golden State transitions from fossil fuels to wind and solar power.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;the value of the investments in energy efficiency already made by millions of Californians will be undercut. For example, consider a high income customer who has put in better insulation, bought energy-sparing appliances, or even installed a solar energy system and thereby cut his monthly electric bill to $50 per month. His cost for electricity is now $600 annually. The 42 percent cut in his rates lowers that to $348 per year, but the total fixed fee is $1,536. That results in more than tripling his bill to $1,884 annually.*&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[304,141],"class_list":["post-11183","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-california","tag-taxes"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11183"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11183\/revisions"}],"predecessor-version":[{"id":11184,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/11183\/revisions\/11184"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}