California AB1117 establishes optional dynamic rate tariffs for electricity customers to promote demand flexibility and cost savings.

California AB1117 mandates the California Public Utilities Commission to develop optional dynamic rate tariffs for electricity customers. These tariffs aim to encourage demand flexibility and reduce costs by adjusting rates based on grid conditions and wholesale market prices. The bill requires at least one dynamic rate tariff for medium and large commercial and industrial customers by 2028, and for residential and small commercial customers by 2030. It ensures non-participating customers can continue under flat or time-of-use rates.

California AB1117 establishes optional dynamic rate tariffs for electricity customers to promote demand flexibility and cost savings.

California AB1117 mandates the California Public Utilities Commission to develop optional dynamic rate tariffs for electricity customers. These tariffs aim to encourage demand flexibility and reduce costs by adjusting rates based on grid conditions and wholesale market prices. The bill requires at least one dynamic rate tariff for medium and large commercial and industrial customers by 2028, and for residential and small commercial customers by 2030. It ensures non-participating customers can continue under flat or time-of-use rates.