Electric bills in California

California Governor Gavin Newsom is reportedly working on legislation aimed at curbing PG&E's spending and reducing electricity rates for residents, amidst rising electricity bills exacerbated by infrastructure upgrades and increased demand from electric vehicles and data centers. Advocacy groups, including The Utility Reform Network, are pushing for limits on utility rate hikes, with expectations for a formal proposal by next week. As of late 2023, Californians faced a staggering $2.1 billion in overdue utility bills, with a significant percentage of residents missing payments. Many residents are struggling to manage their energy costs, leading to power shut-offs for over 200,000 individuals. Similar trends are observed across the U.S., where extreme heat is impacting electricity expenses and lifestyles, with a substantial number of Americans reporting increased financial strain due to climate-related factors. The situation in California highlights a broader crisis in energy affordability that is impacting everyday life for many.