Section 369.5 - [Effective 1/1/2025] Total annual energy cost framework(a) On or before December 31, 2026, the commission, in consultation with the Energy Commission, shall develop a framework for assessing, tracking, and analyzing total annual energy costs paid by residential households in California. The framework shall include all of the following: (1) A methodology for identifying, categorizing, and quantifying major residential household energy sources.(2) The total annual energy costs borne by residential households.(3) Annual costs for major residential household energy sources, including, but not limited to, electricity, natural gas, propane, gasoline, and diesel.(4) Changes in the total annual energy costs for residential households over time.(5) The relative contributions of different energy sources to the total annual energy costs borne by residential households.(6) The annual growth rate of energy costs for residential households by energy source.(7) Projections of possible future total energy costs for residential households for the next 10 years.(8) Scenarios of actions that may lead to a 5 percent, 10 percent, and 15 percent reduction in total annual energy costs paid by residential households in 2035, relative to 2024 total annual energy costs after adjusting for inflation.(9) An assessment of the actions identified pursuant to paragraph (8) and the effects they may have on public health and safety, electrical and gas system reliability, and the achievement of the state's 2045 clean electricity goal developed pursuant to Section 454.53 and the state's 2045 carbon neutrality goal developed pursuant to Section 38562.2 of the Health and Safety Code.(b) The commission may use the total annual energy cost framework pursuant to subdivision (a) for purposes of evaluating any request by an electrical corporation and gas corporation to track new spending eligible for recovery or to adjust a revenue requirement. In evaluating any such request, the commission shall consider whether the electrical corporation and gas corporation should take additional actions to achieve the reductions in total annual energy costs identified in paragraph (8) of subdivision (a).(c)(1) On or before December 31, 2026, the commission shall submit a report to the Legislature containing the framework and the information in subdivision (a).(2) Pursuant to Section 10231.5 of the Government Code, this subdivision shall become inoperative on December 31, 2030.Ca. Pub. Util. Code § 369.5
Added by Stats 2024 ch 762 (AB 3264),s 2, eff. 1/1/2025.