Governor signs bill boosting utility bill discounts
The new law will temporarily boost funding for the state's Electric Assistance Program by shifting a small portion of the funds currently directed to energy efficiency. Both programs are paid for through a small surcharge on electric bills.
The law calls for redirecting about $5 million over the next 18 months. Customers who make up to 185 percent of the federal poverty level are eligible for the program, which offers discounts ranging from 5 to 70 percent depending on household size and income.
Related News
Two-thirds of the U.S. is at risk of power outages this summer
WASHINGTON - The Department of Energy recently warned that two-thirds of the U.S. is at risk of losing power this summer. It’s an increasingly common refrain: Homeowners want to be less reliant on the aging power grid and don’t want to be at the mercy of electric utilities due to rising energy costs and dwindling faith in the power grid’s reliability.
And it makes sense. While the inflated price of eggs and butter made headlines earlier this year, electricity prices quietly increased at twice the rate of overall inflation in 2022, and homeowners have taken notice. In fact, according to Aurora…
