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Assembly committee advances Erwin bill to apply California Climate Credit to volumetric summer rates
Summary
The Assembly Committee on Utilities and Energy voted to send AB 745 to the floor after proponents said the bill would reconfigure the California Climate Credit to lower summer electricity prices by applying the credit as a volumetric rate reduction instead of a lump-sum rebate.
Assemblymember Erwin’s proposal to restructure the California Climate Credit was advanced by the Assembly Committee on Utilities and Energy on a voice and roll-call vote, with the committee recording the measure as passed to the floor.
AB 745 would change the climate credit’s delivery from two lump-sum bill rebates to a direct, volumetric reduction in electricity rates applied in summer months. Proponents said the change would target relief when households face their highest bills and improve affordability while the state reauthorizes the cap-and-trade program that generates the credit.
The bill’s author, Assemblymember Erwin, told the committee that “rather than receiving a flat on-bill credit in off peak months, our constituents would pay noticeably less per kilowatt hour for electricity during the high demand summer months.” Erwin said the credit…
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