California seems determined to drive out the wealthy who fund their state as the insanity continues. The state is moving forward with regulations to push their woke agenda for “equity” and their war on fossil fuels. The result will be an income based fee which will be added to the already soaring energy bills.
California’s major electric companies submitted an income-based billing proposal to the state government last week. Low-income households would pay as little as $15 a month in premiums, while high-income households could pay up to $128 per month. They claim the fee will reduce the impact of soaring electricity and natural gas prices on disadvantaged communities.
The plan, does not eliminate billing based on usage but is an additional fee to offset the out of control cost of energy driven up by the insane clean energy goals of the state that technology does not support under the guise of helping to limit the cost impact on low income households.
California’s war on fossil fuels at all costs, beginning with its transition away from fossil fuels since 2010, has driven up electricity and natural gas prices over the past year, further straining low-income Californians.
Rather than owning up to the fact that the inflated prices are self-imposed, Democratic leaders have launched investigations into natural gas companies and penalized oil refineries.
The utility companies drafted their proposal pursuant to a provision of the 2022 California budget, and regulators are expected to approve a final equitable billing proposal by July 2024.
Pacific Gas & Electric estimates that its lowest-income customers would see a 21 percent cut in their bills, while high earners would see about a 24 percent hike.
The company says it would use the profits from high-income users to fund a variety of green energy initiatives, including the purchase of electric vehicles.
California households pay nearly 83 percent more than the average for homes elsewhere in the United States for electricity, which has increased by nearly 70 percent since 2010.
Despite the potential financial crisis, California Democrats are committed to banning fossil fuels. Last month, the Biden administration greenlit California’s plan to ban fuel-burning vehicles by 2045.
Earlier this month, California slashed incentives for customers who want to buy efficient natural gas energy systems as the state prepares to ban sales of natural gas heaters and order all new buildings to be fully reliant on electricity.
In March, the San Francisco Bay Area regulators banned gas appliances for everyone in the region, a move that will require prohibitively expensive home renovations when residents have to buy new heaters.
California’s push for income-based billing aims to justify the rising costs of electricity and natural gas by placing the burden on the wealthy who already pay extraordinary taxes to the state.
The plan will supposedly provide a 21 percent cut in bills for the lowest-income customers and fund green energy initiatives with profits from high-income users.
The tension between California’s progressive policy priorities and its switch to renewable energy has resulted in soaring electricity and natural gas prices, warning regulators of the need for billions of dollars to support the state’s transition.
However, California Democrats remain committed to banning fossil fuels, even as they penalize oil refineries and natural gas companies, and restrict the use of gas appliances.
The result will be the high income earners will choose their gas stoves and heaters along with lower energy bills by leaving the state as they already are in droves.
https://thefederalistpapers.org/us/california-progressive-agenda-moves-new-level-plans-submitted-use-equity-fund-war-fossil-fuels
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