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Mainstream Inside Climate News 1 days ago

Pennsylvania Activists Urge Lawmakers to Help Curb Soaring Electric Bills

Advocates for lower electricity prices in Pennsylvania said Wednesday their goals can be achieved -load users like data centers to supply their own power rather than taking it from the grid, -energy projects.  The group, including the Natural Resources Defense Council, Pennsylvania Utility Law Project, the Evergreen Collaborative and state Rep. Elizabeth Fiedler, touted a report showing that consumers in the state could save an average of more than $840 a year on electricity costs by 2030 vs. the status quo if lawmakers enact policies that address the causes of soaring retail power prices. The report, from Synapse Energy Economics, an environmental consulting firm based in Cambridge, Massachusetts, said the proposed policy reforms could reduce household electricity costs $197 in 2027 alone and deliver an estimated $2.4 billion in cost savings statewide by 2030. Some consumers are now having to choose between paying for their electricity and their medication, and that’s not a choice they should have to make, said Fiedler, a Democrat who chairs the House Energy Committee and represents part of South Philadelphia. Residential electricity rates in Pennsylvania rose almost 14 percent in the past year alone, according to federal data. Costs for consumers were up more than 50 percent compared to 2020.   ICN Weekly Saturdays Our #1 delivers the week’s climate and energy news – our original stories and top headlines from around the web. Get ICN Weekly Inside Clean Energy Thursdays Dan Gearino’s habit-forming weekly take on how to understand the energy transformation reshaping our world. Get Inside Clean Energy Today’s Climate Tuesdays A once-a-week digest of the most pressing climate-, written . Get Today’s Climate Don’t miss a beat. Get a daily email of our original, groundbreaking stories written -winning reporters. Get ICN Sunday Morning Go behind the scenes with executive editor Vernon Loeb and ICN reporters as they discuss one of the week’s top stories. Get ICN Sunday Morning Justice & Health A digest of stories on the inequalities that worsen the impacts of climate change on vulnerable communities. Fiedler urged lawmakers to enact reforms that lower electricity prices to levels that everyone can afford. Fiedler urged support for HB2224, the Return on Equity bill she co-sponsored, that would ease consumer costs -regulated utilities. Patrick Cicero, an attorney with the Pennsylvania Utility Law Project, said investors would still be attracted to utilities even if the return was reduced. “A significant share of a utility bill isn’t paying for power or pipes, it’s paying for a utility’s shareholder profit,” said Cicero, whose group works to ensure that low-income residents receive safe and affordable utility service.

Original story by Inside Climate News View original source

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