Law & Lawyers

“This month’s column discusses the importance of three critical resources that will help enable the clean energy vision EEI’s member companies share, adapt how we harness our shared global ecosystems, and mitigate the impacts of climate change.”

I have been thinking about persistent myths of affordability. Such as that electric bills in isolation can be unaffordable. Another myth is that low-income households have high electric bills. Many households are unquestionably under great and growing stress. If we aspire to make a difference for them, we ought to better target who they are and reach for the tools in our collective toolboxes at utilities and in utility regulation that can really help.

This article addresses tomorrow’s electric affordability. To evaluate the affordability of electric bills for residential customers, quantitatively, we must do a little math. The core idea here is to show the link between the investment necessary to advance the energy transformation and the effect on a household’s electric bills via the mechanisms of utility regulation.

“We already announced that we’re reducing our electricity rates in 2024. Residential customer rates were reduced 11% on the 1st of January, and our commercial and industrial rates are dropping up to 18%, so that’s helpful.”