Calif. climate-change fight results in utility bill credits

by:DGT Lighting     2020-05-02
LED bulbs were sold in the Home Depot store in Chicago, Illinois in December 27, 2013.Manufacturers will stop producing 40-watt and 60-watt incandescent lamps in the United States in January 1, 2014.75 W and 100 W bulbs were discontinued in 2013.These incandescent lamps are being replaced by more energy-efficient compact fluorescent and LED bulbs.(Photo by Scott Olsen/Getty Images) December 27, 2013, Home Depot store in Chicago, Illinois sold led-free bulbs.Manufacturers will stop producing 40-watt and 60-watt incandescent lamps in the United States in January 1, 2014.75 W and 100 W bulbs were discontinued in 2013.These incandescent lamps are being replaced by more energy-efficient compact fluorescent and LED bulbs.In April, California\'s fight against global warming will begin to generate dividends.Real financial dividends.Customers of large California utilities will receive \"climate credit,\" a small amount of money raised from the state\'s cap --and-A trading system that controls greenhouse gas emissions.\"What we want is to involve taxpayers in their efforts to tackle climate change,\" said Mary Nichols, chairman of the California Aviation Resources Board, a state agency that created cap.and-trade system.\"This is to recruit more soldiers in the battle.\"Credit will appear on the utility bill as a line item.Distribution twice a yearApril and OctoberThe amount paid will vary over time, and these amounts are calculated in accordance with the formula approved by the national regulatory authority.They will also vary from utility to utility because the formula takes into account the number of customers per utility and the cost of complying with the cap and transaction.Pacific Gas and electricityResidential customers, for example, will receive $29.In April, customers of Southern California Edison received $40.These honors are not just a way for the public to feel that they have been given a climate fight.They are also designed to make sure that the fight doesn\'t have a sticker shock that causes pain to the Californian.State cap-and-The trading system forces power plants and factories to buy \"allowances\"In fact, carbon dioxide and other greenhouse gases are allowed to be emitted.Although prices have remained low since trading began at the end of 2012, the allowance is now sold for around $11.50 tons of carbon dioxide per ton will eventually push up the cost of electricity, gasoline and other goods.How much these costs will rise remains the subject of intense debate.Soaring prices for gas stations or monthly utility bills could undermine public support for California\'s efforts to fight global warming.Therefore, the Air Resources Committee has designed a way to protect utility customers.Utility companies receive a high volume allowance free of charge and order the full sale of the allowance to interested parties, including power plants or financial institutions.The funds raised will then be returned to utility customers in a number of ways, including climate credit.According to the California Public Utilities Commission, $0.75 billion in subsidized sales will be used for credit this year.Another $0.35 billion will be spent on the balance account of the utility itself to offset the increased costs they face from the cap and transactions.Therefore, due to the carbon trading system, California residents should not be net affected by their utility bills this year, said Edward Randolph, head of the Commission\'s Energy Department.\"It\'s designed to ensure that customers don\'t overburden these projects and get the money back to them,\" he said .\".The idea is not entirely unique.The only carbon capand-The US trade system has similar features.Northeast and CentralThe carbon market in the Atlantic States covers only power plants.So far, about 17% of the money raised in the market has been spent on \"direct bill assistance\", projects that typically cut utilities for low-spending peopleIncome families.While California\'s twice-a-year credit isn\'t going to be huge, state officials encourage people to spend money in ways that help reduce energy use.The letter accompanying the utility bill of April will encourage state residents to use credit for energy --Efficient LED bulb or advanced \"smart\" thermostat.These letters will also guide utility customers to the website www.Energy upgrades.Organization, information on energyEfficiency Rebate program provided by the state.\"They can do something that will help lower their energy bills for the future and make them part of the national plan to fight global warming,\" Nichols said .\".However, they were not asked to do so.\"If an individual wants to, you can use the $40 credit as money in your pocket and do other things with it,\" she said .\".David R.Baker is a staff member of the San Francisco Chronicle.E-Postage: dbaker @ sfchronicle.
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