3 ms·
Excuse my ignorance, but am I, as a California residential user, going to pay these prices for the electricity I'm using in my home right now? Should I shut ev
by SubiculumCode 6y ago
Excuse my ignorance, but am I, as a California residential user, going to pay these prices for the electricity I'm using in my home right now?
Should I shut everything down?
- deleted 6y ago[deleted]
- pishpash 6y agoAren't residential prices controlled by the public utility commission? So probably not immediately. But if CA utilities buy on the wholesale market and can't raise rates then they may go bankrupt.
- jeffbee 6y agoSurely there must be a cooling-off period before PG&E can go bankrupt again.
- harmonious 6y agoIt depends on your utility contract, but very likely not. Most consumers pay a fixed volumetric rate, and it's the utility that is exposed to real-time fluctuations in the wholesale price of power.
- RobLach 6y agoIf you're a residential PG&E customer you'd have to look up your current tariff schedule here: https://www.pge.com/tariffs/electric.shtml https://www.pge.com/tariffs/electric.shtml Likely, no, as your rates have been set some time ago.
- epistasis 6y agoNo your rates are fixed and agreed upon ahead of time. However if you sign up for a service like OhmConnect, you can get paid to lower your energy usage at times when prices are high (which tends to coincide with use of the dirtiest energy). They warn you a day ahead for the time period, usually an hour but sometimes two, and you get credit for being under your typical usage for that time period.