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You can get compensated, but doing so is opt-in. You have to fill out a form.
by jhall1468 11y ago
You can get compensated, but doing so is opt-in. You have to fill out a form.
- encoderer 11y agoEdit: Ok, this makes more sense to me now. It's really more nuanced. On my rate plan, retail cost for electricity is ~20c. (link below). So as my bill, over the year, accrues a negative balance, that balance reflects a retail rate. For example, on my final true up statement, by balance was -$360. But, my end of year true-up compensation was $72. How is this? First, they deduct their minimum monthly charges of $72 which I have no issue with. If my negative balance doesn't cover that, i owe them cash. But if it does, they then ignore that credit balance, and they use the number of surplus kw/h, multiplied by a wholesale rate of $0.03403, and use that to arrive at what they owe me. So there's the whole story. They do not refund your credit balance at the end of the year. Rates: http://www.pge.com/en/myhome/saveenergymoney/plans/tiers/index.page http://www.pge.com/en/myhome/saveenergymoney/plans/tiers/ind...?