The Impact of California's Income-Based Energy Bills

California is proposing an income-based utility plan that would restructure electric bills into two parts, with fixed costs for the grid and charges for the amount of electricity used. Low and middle-income earners would pay less, while high-income earners would pay more. The plan aims to ease the burden of high energy prices for low and middle-income Californians. PG&E and other utilities have their own proposed rate structures, with some calling for larger increases for high earners. The California Public Utilities Commission will hold hearings this summer, and changes to electric bills may not occur until 2024 or 2025.