03/29/2024

California Lawmakers Back Bill that would Lower Energy Prices

California lawmakers took a major step Thursday toward lowering the state’s high electricity prices—and set the stage for a big battle over incentives that have turned the state into the biggest market for residential-rooftop solar power.

A bill passed by the legislature Thursday repeals a 2001 law, meant to encourage conservation, which requires the state’s investor-owned utilities to sell power at rates that rise sharply the more electricity a customer uses. The new legislation doesn’t say how prices should be set in the future, leaving that to regulators, utilities and public advocates to work out.

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