California power companies would include income-based computations for your electricity bill

Per Fox LA

Three of the largest power companies in California have worked together to submit a joint proposal regarding how they would charge income-based fees for electricity. This comes as Californias are expecting how their electricity bill is charged to change by 2025.

Southern California Edison communications professional Kathleen Dunleavy shared a statement regarding what users can expect from the state's recent request regarding a change in how electricity is to be charged.

Dunleavy: "You're going to see that this amount is going to maintain the infrastructure and how my electricity ism provided and then this amount represents how much I'm using which is actually going to go down 33%,"

Assembly Bill 205 was approved in 2022, and it would see customers receive rate relief and break customers' bills. Edison also released a statement detailing how 1.2 million people could receive a bill reduction.

Edison: "Under the proposal, SCE’s approximately 1.2 million lower-income customers would receive an average 16%-21% bill reduction... Rates for each unit of electricity consumed (kilowatt-hours) would decrease by about 33% for all residential customers,"

Edison also gave a proposed rate restructure for customers depending on income.

  • Those earning over $180,000 would be charged $85/month
  • Those earning from $69,000 - $180,000 would be charged $51/month
  • Those earning from $28,000 - $69,000 would be charged $20/month
  • Those earning less than $28,000 would be charged $15/month

In September 2022, California decided to move to ban natural gas furnaces and heaters by 2023. This comes as the state aims to become the first to phase out fossil-fueled furnaces and water heaters.

Before that, in August 2022, California also shared its plans to prohibit the sale of new gasoline-powered cars by 2035. The rule was called California Air Resources Board, and it would require that 100% of new cars sold in the state by 2035 be free of fossil fuel emissions.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Fox LA

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.