Calif regulators mull electricity pricing changes
SAN FRANCISCO (AP) -- California utilities regulators are considering a new system for pricing electricity that could result in bigger bills for most ratepayers.
The San Francisco Chronicle reports (http://bit.ly/1aQYhQu ) that the California Public Utilities Commission will vote whether to change the price of electricity depending on the time of day it was used, rather than the amount of power consumed.
Proponents say the new pricing scheme would encourage conservation during afternoons when demand is at its peak.
Ratepayers would still have the option of choosing a flat rate, which would go up for those using the least electricity and go down for those who use the most.
Consumer advocates say the pricing changes would likely raise bills significantly for people in hot areas who rely on air conditioning.
Information from: San Francisco Chronicle, http://www.sfgate.com